Citicore Renewable Energy Corp. (CREC) has entered into a partnership agreement to provide 7.5 megawatts of solar power to Clark Electric Distribution Corp. (CEDC)’s local retail electricity arm. This power will be supplied from CREC’s Tarlac solar power plants.
The contract is set to run until December 2024 or until CREC’s upcoming 63-MW Bato solar power project in Palauig, Zambales begins commercial operations. Once the Bato solar plant is operational, the partnership will transition into a 10-year power supply contract providing 30 MW of electricity to CEDC.
This partnership aligns with the Department of Energy’s (DOE) Renewable Portfolio Standards (RPS), which mandates that local retail electricity suppliers like CEDC source a portion of their energy from renewable resources. It also supports the DOE’s goal of achieving a 35% renewable energy share in the generation mix by 2030 and 50% by 2040.
Erickson Montes, Officer-in-Charge Manager of Cogent Energy, expressed enthusiasm for the long-term partnership, aiming to make Cogent the leading renewable energy supplier not only in Clark Freeport Zone but also in Central and Northern Luzon.
CEDC joins a growing list of partners for CREC who are committed to advancing a greener future through renewable energy, including distribution utilities, commercial establishments, and major corporations across the Philippines.