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Citicore closes $548 million deal for Philippine solar and storage
Original: Citicore closes USD-548m funding deal for Philippine solar, storage
Philippine renewable energy developer Citicore has closed a funding deal worth USD 548 million to support its solar power and energy storage projects. The financing marks a significant step for the company's expansion plans in the Philippines' growing renewables sector, which is drawing increasing investment as the country works to raise its share of clean energy generation.
Why now: A major financing deal for solar and storage in the Philippines signals growing investor confidence in Southeast Asian renewables.
Evidence
- Citicore closes USD-548m funding deal for Philippine solar, storage · Renewables Now
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