Landbank backs CREC solar projects with P11.7B loan

MANILA, Philippines — The state-run Land Bank of the Philippines is putting nearly P12 billion behind five solar projects by Citicore Renewable Energy Corp. (CREC) in Batangas as it expands its solar footprint nationwide. In a statement, the state-run lender said it provided P11.68 billion to CREC, which forms part of a P35.014-billion syndicated project finance