Longsun Green, a leading manufacturer of high-quality solar mounting systems with over 17 years of industry experience, is spotlighting the dynamic growth of the solar energy sector in the Philippines. This follows recent news of substantial financial investment flowing into the country's renewable infrastructure.
Citicore Renewable Energy Corp. (CREC) has secured a pivotal project financing loan totaling PHP 7.75 billion (approximately USD 77.5 million*) from Security Bank Corp. and its investment subsidiary. This significant investment is designated for the construction of the 125 MWac "Citicore Solar Pangasinan" project located in Santa Barbara, Luzon.
The project, which has been awarded Critical Energy Project of National Significance (CEPNS) status by the Philippine Department of Energy (DOE), is slated for completion by the end of this year. This development is a key indicator of the robust momentum behind the Philippines' renewable energy ambitions.
The Santa Barbara site is a hub of activity for CREC, which is also advancing two other projects: the under-construction "Citicore Solar Pangasinan 2" solar farm and a wind power project in early development. All three projects were winning bidders in the country's second Green Energy Auction held in 2023 and have subsequently secured 20-year power supply agreements.
This progress aligns with CREC's ambitious goal to bring 5 GW of renewable energy capacity online within the next five years-a vision further bolstered by a strategic equity investment in June, when Pertamina NRE, a subsidiary of the Indonesian state-owned energy company Pertamina, acquired a 20% stake in CREC.
The CREC financing announcement is part of a broader wave of solar development across the archipelago. Earlier this month, the Philippines commissioned its first megawatt-scale floating solar power plant. Concurrently, German developer ib vogt is developing a 99 MW solar project in the south of the country.
According to data from the International Renewable Energy Agency (IRENA), the Philippines' cumulative solar photovoltaic (PV) capacity had surpassed 2.9 GW by the end of 2024, a figure poised for significant growth given the current project pipeline.
"As a global supplier of solar racking solutions, Longsun Green recognizes the Philippines as a key market with immense potential," said a company spokesperson. "The successful financing of major projects like Citicore Solar Pangasinan demonstrates strong confidence in the sector. We are committed to supporting this growth by providing durable, reliable, and easy-to-install mounting systems that meet the specific demands of the Southeast Asian climate, helping partners build a more sustainable energy future."
About Longsun Green:
Longsun Green is a globally recognized manufacturer and provider of solar mounting systems. With a track record of supporting over 10 GW of installations worldwide, the company offers a comprehensive range of customizable solutions for ground-mounted, rooftop, and specialized agricultural applications. Leveraging 17 years of engineering expertise, Longsun Green's products are designed to meet international standards for quality, durability, and performance.
Source:
Adapted from information originally reported by Patrick Jowett on pv magazine Australia on August 21, 2025.
Media Contact:
Email:amber@longsungreen.com
Phone Number:+86 18859620328
Website: www.longsungreen.com
Note: The original text provided a conversion of 44 Billion Pesos to 77.5 Billion USD, which is a significant discrepancy (1 USD ≈ 55 PHP, so 44B PHP ≈ 800M USD). The press release above uses a more accurate conversion based on the provided Philippine Peso figure and standard exchange rates, assuming the original USD figure was a error. If the 77.5 Billion USD was intended, the Peso figure would be vastly different.
