^

Freeman Cebu Business

Vivant buys 200-MW wind farm in Northern Samar

Ehda M. Dagooc - The Freeman
Vivant buys 200-MW wind farm in Northern Samar
Vivant Energy Corp. acquired a 100 percent stake in Samar Philippines Renewable Corp. (SPRC) from Envision Energy Philippines Corp. Signing the agreement are (from left) Liu Wei, Envision Energy Philippines director; Yuan Rongke, Envision Energy Philippines president; Emil Andre Garcia, Vivant Energy president and Al Douglas Villaos, Vivant Energy senior assistant vice president for business development. Standing are Duli Zhang, Envision Energy Philippines business development manager and Lawrence Nubla, Vivant Energy senior vice president for business development.

CEBU, Philippines — Vivant Energy Corp. is expanding its renewable energy portfolio with the acquisition of a 200-megawatt wind power project in Northern Samar, deepening its investment in the Philippines’ clean energy sector as developers race to meet rising electricity demand and the country’s decarbonization targets.

The Cebu-based energy company, through its renewable energy unit Vivant Renewable Energy Corp. (VREC), acquired a 100 percent stake in Samar Philippines Renewable Corp. (SPRC) from Envision Energy Philippines Corp., adding one of the country’s emerging onshore wind developments to its pipeline.

The project, which spans the municipalities of Lavezares, Allen, Victoria and Rosario in Northern Samar, is targeted for completion and grid connection by the end of 2028.

Once operational, the wind farm is expected to generate about 695 gigawatt-hours of electricity annually—enough to supply more than 190,000 households—while avoiding an estimated 487,000 metric tons of carbon dioxide emissions each year.

The acquisition advances Vivant Energy’s strategy of increasing renewable generation capacity under its “30 by 30” initiative, which aims to expand the company’s clean energy portfolio as the Philippines accelerates the shift toward low-carbon power sources.

About 36 percent of the project’s capacity has secured supply contracts under the government’s fourth Green Energy Auction Program (GEA-4), while the remaining output is expected to be sold through an offtake agreement with a retail electricity supplier.

Envision, which originated and developed the project, will remain involved as development partner, providing turbine technology, engineering expertise and technical support through the project’s construction and eventual commercial operations.

The transaction also highlights growing investor interest in wind energy as the Philippines seeks to diversify its electricity mix and strengthen long-term energy security.

Northern Samar offers one of the country’s strongest wind resources, making it a strategic location for utility-scale renewable energy development.

“For an archipelagic country like the Philippines, energy security depends on a power mix that is both diverse and deliberate,” Vivant Energy said.

“Wind belongs in places where the resource is strong, strategic and efficient. In Northern Samar, we see an opportunity to add cleaner capacity that supports a more resilient energy portfolio and contributes to the country’s long-term energy stability,” the company added.

VIVANT

  • Latest
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with