Indonesia's Pertamina NRE snaps up 20% of Philippines' Citicore Renewable Energy

The Philippines is one of the fastest growing markets for renewable energy investment and the $115m of proceeds will be used towards hydro, wind and solar projects in the country.

JimMin JimMin
Jan 10, 2025 - 21:01
0 5
Indonesia's Pertamina NRE snaps up 20% of Philippines' Citicore Renewable Energy

January 10, 2025

Indonesian state-owned enterprise Pertamina Power Indonesia, known as Pertamina New & Renewable Energy or Pertamina NRE, is taking a 20% stake in Citicore Renewables Energy Croporation (CREC) as it expands into the Philippines.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Markets Southeast Asia M&A #indonesia #philippines #renewable energy