Recently, well-known energy company Citicore has received heavy news that it has successfully won a 1.2GW renewable energy project in the Philippines, adding a key layout for its deep cultivation of the Southeast Asian green power market. As a leading renewable energy project in the Philippines in recent years, this project covers a variety of clean energy categories such as solar and wind energy. After completion, it will significantly increase the proportion of clean energy supply in the local area, helping the Philippines achieve its "carbon neutrality" goals and energy structure transformation.

It is reported that Citicore stands out among numerous competitors due to its technological accumulation, project operation experience, and global resource integration capabilities in the field of renewable energy. The 1.2GW project won this time is not only an important breakthrough in Citicore's overseas business scale, but also demonstrates the core competitiveness of Chinese energy enterprises in the international green power market. The project is planned to be implemented in three phases, with an estimated total investment of over 1.5 billion US dollars and a construction period of 3-5 years. After completion, it can reduce tens of millions of tons of carbon dioxide emissions annually, bringing significant environmental benefits and economic value to the Philippines, while creating a large number of job opportunities.

In recent years, Citicore has continued to focus on the overseas renewable energy market and has deployed multiple green power projects in Southeast Asia, Europe, and other regions. This visit to the Philippines is not only a precise grasp of the potential of the local clean energy market, but also an important measure for enterprises to implement the "going global" strategy and deepen international energy cooperation. In the future, Citicore will rely on this project to further expand its business territory in Southeast Asia, promote the coordinated development of the regional clean energy industry, and inject more Chinese strength into the global energy transformation.

Citicore's winning bid for the 1.2GW green power project in the Philippines not only opens up a new curve for the company's overseas business growth, but also has a profound impact on China Philippines energy cooperation and the Southeast Asian clean energy market landscape. As one of the countries with rapidly growing energy demand in Southeast Asia, the Philippines has continuously increased its investment in renewable energy in recent years, aiming to achieve clean energy accounting for 35% of the country's electricity supply by 2030. The 1.2GW project launched by Citicore perfectly meets the urgent needs of local energy transformation. The core technologies used in the project, such as efficient photovoltaic modules and intelligent wind power control systems, will provide mature practical models for the clean energy industry in the Philippines and promote the improvement and upgrading of the local green power industry chain.

At the regional cooperation level, this project has become a landmark achievement in deepening cooperation between China and the Philippines in the field of green and low-carbon. During the project implementation, Citicore will engage in multidimensional cooperation with local enterprises in the Philippines, covering the entire industry chain including equipment supply, engineering construction, and operation and maintenance. This will drive China's new energy equipment, technical standards, and service models to go global, while also helping the Philippines cultivate local clean energy technology talents and operation teams. In addition, the project will also build a new bridge for energy cooperation between China and the Philippines, laying the foundation for future cooperation in emerging green power fields such as energy storage and hydrogen energy, and promoting the formation of a complementary and mutually beneficial regional energy cooperation ecology.

From an industry perspective, Citicore's recent overseas acquisition provides valuable experience for Chinese energy companies to explore international markets. Amidst the global wave of carbon neutrality, competition in the overseas renewable energy market is becoming increasingly fierce. Citicore stands out with its technological innovation, cost control, and localized operational capabilities, confirming the comprehensive competitiveness of Chinese green power enterprises in "technology+service+resources". The successful promotion of this project will further enhance the recognition of Chinese new energy brands in the international market, attract more Chinese enterprises to participate in the global green electricity market competition, and contribute stronger Chinese momentum to the global energy transformation. In the future, with the gradual implementation of each phase of the project, Citicore will continue to focus on technology empowerment and win-win cooperation, deeply cultivate the Southeast Asian green power market, and write a new chapter in the overseas layout of Chinese energy enterprises.Editor/Bian Wenjun