Citicore Renewable Energy Corporation of the Philippines has signed a supply agreement with Trinasolar for 2GW of solar modules.

Citicore Renewable Energy Corporation (CREC), a leading Philippine renewable energy developer, signed a 2-gigawatt (GW) module supply contract with Trinasolar, a global leader in smart PV and energy storage solutions, on November 11, 2024, in Manila - the two companies' largest contract.

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Trinasolar will supply Vertex N 720W Series (NEG21C.20) solar modules to CREC as part of the latter’s rollout of its next 2GW of capacity, as well as the company’s readiness to implement the Philippines government’s priority renewable energy programs, including Green Energy Auction projects. These are part of CREC’s ambition of delivering 5GW of renewable energy capacity within 5 years.

The deal was signed by Trinasolar’s Executive President, Helena Li, and CREC President and CEO, Oliver Tan. The signing was observed by Alreetz Santander, President of Citicore Construction, Lucia Roderos, Citicore Group CFO, Todd Li, President of Trinasolar Asia Pacific, and Elva Wang, Trinasolar Group Director for South, Southeast, and Central Asia.

“With our first gigawatt nearing completion, we are now laying the groundwork for our next two gigawatts of solar projects with this new supply contract with Trinasolar.” “Our ongoing collaboration, now totaling 3GW, demonstrates our commitment to efficiency and innovation in powering a First-World Philippines with pure renewable energy,” stated CREC President and CEO Oliver Tan.

“This 2GW supply deal, our largest in the Philippines to date, demonstrates Trinasolar’s profound confidence and shared vision with Citicore. Citicore is a valued partner in our effort to develop renewable energy, and we are proud to support their goals with our cutting-edge solar solutions. “Together, we are not only meeting the Philippines’ energy needs, but also setting a new standard for long-term progress in the region,” said Trinasolar Executive President Helena Li.

Trinasolar’s Vertex N 720W Series has an industry-leading 210mm platform with n-type i-TOPCon Advanced cell technology, which is more efficient than p-type versions. These high-power, low-voltage panels offer a lower Leverage Cost of Energy (LCOE), boosting energy efficiency and yield while assuring long-term dependability.

The ongoing relationship intends to expedite solar power development and contribute to powering a greener, more sustainable Philippines by combining Trinasolar’s breakthrough solar technology with CREC’s considerable knowledge in the Philippine solar production sector.