Citicore Renewable Energy Corp. Stock Analysis CREC.PM

Citicore Renewable Energy Corp. is a company that engages in the development and operation of renewable energy. The firm is a developer and operator of solar, run-of-river hydro, and offshore wind energy platforms in the country. Its segments include Power, REIT, and Others. The Power segment pertains to the generation of electricity from solar power energy through its solar power plants, purchase of power from the wholesale electricity spot market (WESM) and subsequent sale of electricity from generation and purchasing activities to customers, which include contestable customers and local retail electricity suppliers. The REIT segment pertains to the rental operations of the Group through Citicore Energy REIT Corporation. The Others segment includes the maintenance service operations of Greencore Power Solutions 1, Inc. and Citicore Property Managers, Inc. The company operates approximately 10 solar power plants with a total aggregate capacity of 285 MegaWatts defined conditions (MWDc) strategically located across the country.