The company, through its renewable energy arm Vivant Renewable Energy Corp. (VREC), has completed the acquisition of a 100-percent stake in Samar Philippines Renewable Corp. (SPRC) from Envision Energy Philippines Corp.
SPRC is developing a 200-megawatt (MW) wind farm across the municipalities of Lavezares, Allen, Victoria, and Rosario in Northern Samar.
Clean energy
The project is targeted for completion and grid integration by the end of 2028 and is expected to add significant renewable energy capacity to the country's power mix.
Once operational, the wind farm is projected to generate about 695 gigawatt-hours (GWh) of clean electricity annually, enough to power more than 190,000 households, Vivant Energy said in a statement.
The project is also expected to offset around 487,000 metric tons of carbon dioxide emissions each year, supporting efforts to reduce greenhouse gas emissions and accelerate the shift toward cleaner energy sources.
The acquisition marks another step toward Vivant's "30 by 30" goal of increasing its renewable energy capacity and expanding its portfolio of sustainable energy assets.
Growth strategy
Vivant said 36 percent of the project's capacity has already secured an award under the government's fourth Green Energy Auction Program (GEA-4).
The remaining capacity is expected to be covered through an offtake agreement with a Retail Electricity Supplier (RES).
Envision, which originally developed the project, will continue to support its advancement by providing expertise in turbine technology, engineering, and project development.
The company said it will work closely with Vivant as the project moves toward construction and eventual commercial operation.
Energy security
Vivant said the project aligns with the country's need for a diverse and resilient energy mix, particularly in an archipelagic nation where energy security remains a critical concern.
The company sees Northern Samar as a strategic location for wind energy development, citing the area's strong wind resources and potential to contribute to a more stable and sustainable power system.
By adding renewable capacity in resource-rich areas, the project is expected to support both energy security and the country's long-term sustainability objectives. —Ed: Corrie S. Narisma
