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Philippines' Citicore IPO to fund $4 bn investment in renewables

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Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.

"For a country such as ours with limited oil and coal but have abundant sun, wind and water, it is imperative we deploy capital investment into renewable energy," Citicore President and CEO Oliver Tan said.

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