Vivant subsidiary acquires future solar power plant in Bulacan

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Vivant Corporation, through its subsidiary, recently acquired a solar power plant—with a target capacity of 22 MWp—and its ancillary facilities in San Ildefonso, Bulacan, Philippines.

Vivant Energy Corporation, a wholly owned subsidiary of listed holdings company Vivant Corporation, recently acquired San Ildefonso Alternative Energy Corp. (SIAEC), the company developing the solar power plant.

“Our investment in SIAEC is in line with our goal to increase our renewable energy portfolio to 30 percent by 2030,” said Vivant Corporation President Emil Andre M. Garcia. “We will continue to look for opportunities, not just in solar but also in other technologies as part of our thrust to support countrywide development and improve everyday living in our communities.”

The SIAEC Project is designed to generate approximately 30 GWh every year, which translates to preventing around 18,000 tons of carbon dioxide from being emitted annually. The solar project sits on a 24.5-hectare site.

Vivant Corporation is a professionally run publicly listed holding and management company with interests in infrastructure development, mainly but not limited to various segments of the power value chain, to fulfill its mission of bringing excellence to industries that improve everyday living.

Vivant Energy holds publicly listed Vivant Corporation’s investments in energy generation, retail electricity supply and energy-related engineering solutions in Luzon, the Visayas and Mindanao. It combines emerging and existing technologies to provide adaptable and innovative energy solutions that enable its customers to turn challenges into opportunities in a changing world.

 

Catherine R. Cueto


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