Citicore Energy REIT Corp. (CREIT) is positioning its renewable energy real estate portfolio to support up to 5 gigawatts (GW) of planned solar and onshore wind projects by 2030, aligned with the development pipeline of its sponsor, Citicore Renewable Energy Corp. (CREC).
In its three-year investment strategy released today, CREIT said its principal focus is “to invest in income-generating renewable energy real estate properties and aim to become the largest renewable energy landlord in the Philippines.” The REIT plans to align future asset acquisitions with CREC’s project pipeline to maximize revenue potential.
CREIT’s operations are limited to owning and leasing renewable energy land and real estate assets, allowing it to generate stable rental income while developers manage project execution and electricity generation.
As of September 30, 2025, CREIT reported deposited property valued at PHP 20.51 billion, supported by over 7 million square meters of leasable land, with full occupancy across all assets. Existing leased properties host operational solar plants with a combined installed capacity of 145 megawatts peak (MWp). Newly acquired land in Batangas, Pampanga, and Pangasinan is earmarked for future utility-scale solar projects.
The REIT’s updated investment criteria allow it to lease land even during the construction phase, enabling earlier rental income ahead of plant commissioning and power offtake agreements. CREIT also retains the option to acquire completed power plants after commissioning, subject to regulatory and commercial conditions.
Geographic expansion will focus on clusters including Batangas, Central Luzon, Quezon, North Luzon, Cebu, and Negros. These areas are strategically aligned with planned transmission upgrades by the National Grid Corporation of the Philippines, helping reduce grid connection risk for future projects.
On the financing front, CREIT will continue funding acquisitions through a mix of debt and equity while remaining compliant with REIT Law limits. With an investment-grade PRS AA+ credit rating, the company can leverage up to 70% of deposited property, leaving over PHP 9 billion in borrowing capacity as of end-September 2025.
This strategy positions CREIT as a key enabler for renewable energy growth in the Philippines, providing developers with secure, revenue-generating land while supporting the country’s transition to clean energy.
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