Listed Vivant Corp. is allocating P46 billion to reach 30 percent renewable energy share in its power generation portfolio by 2030.
“We aim to significantly expand our generation portfolio with a substantial portion coming from renewable energy sources. To date, we remain on track to reach our target of 30 percent RE capacity by 2030,” Vivant chief executive Arlo Sarmiento said during the company’s annual stockholders’ meeting.
“To bring this portfolio to life, we are projecting a cumulative project investment of roughly P46 billion between now until 2030. This will support project development, joint ventures, and continued expansion of our clean energy footprint, solidifying our role in shaping a more sustainable and reliable energy future for the country,” he said.
As of end December 2024, Vivant’s consolidated attributable generation portfolio stands at 451 megawatts, comprising 177 MW capacity relating to on-grid coal assets, while the balance are diesel capacities with 207 MW on-grid and 67 MW off-grid.
Sarmiento said the company is gaining momentum in its RE projects under development.
“Our solar project in Bulacan under San Ildefonso Alternative Energy is anticipated to commence commercial operations this year. Major construction activities are well underway at this site, marking steady progress,” he said.
Meanwhile, Lihangin Wind Energy Project in northern Samar continues to progress, reflecting our ongoing efforts to expand, he said.
Vivant holds a 30 percent equity stake in 206 megawatt wind project, which aims to be one of the largest in the country.
“Currently, we are laying the necessary groundwork for successful execution, with commercial operations targeted for 2027,” he said.
Sarmiento assured Vivant’s conventional assets remain a vital part of the country’s energy stability, particularly in areas where firm capacity and grid reliability are critical.
“Our diesel portfolio, both on and off-grid, with a combined capacity of over 270 MW, is supporting the energy needs of key locations across the country,” he said.
“Our approach to conventional generation remains disciplined and demand-responsive, ensuring that we continue to meet today’s needs while enabling tomorrow’s transition by providing grid security,” Sarmiento said.
Vivant is also focusing on retail electricity supply, an area that will play an increasingly important role as the energy market evolves.
“Recognizing the strategic value of this platform, we deployed some of our best talents to Corenergy to further drive its growth. This strengthens structure, enhances our ability to execute with focus, and positions us better to capture emerging market opportunities,” he said.
