Vivant Energy Corp. has acquired a 200-megawatt wind power project in Northern Samar from Envision Energy Philippines, expanding its renewable energy portfolio amid growing investment in the country’s clean energy sector.
The Cebu-based energy company said its renewable energy subsidiary, Vivant Renewable Energy Corp. (VREC), acquired a 100% stake in Samar Philippines Renewable Corp. (SPRC), the developer of the proposed wind farm covering the municipalities of Lavezares, Allen, Victoria and Rosario in Northern Samar.
Financial terms of the transaction were not disclosed.
The project is targeted for completion and grid connection by the end of 2028. Once operational, it is expected to generate about 695 gigawatt-hours of electricity annually, enough to supply more than 190,000 households, according to Vivant.
The company said the facility is projected to avoid around 487,000 metric tons of carbon dioxide emissions each year.
“For an archipelagic country like the Philippines, energy security depends on a power mix that is both diverse and deliberate,” Vivant said. “In Northern Samar, Vivant Energy sees an opportunity to add greener capacity where it can support a more resilient energy portfolio and contribute to the country’s long-term energy stability.”
Thirty-six percent of the project’s capacity has secured an award under the Department of Energy’s fourth Green Energy Auction Program, while the remaining capacity is expected to be covered by an offtake agreement with a retail electricity supplier.
Envision, the project’s original developer, will continue to support its development through turbine technology, engineering services and other project development expertise as it moves toward construction and commercial operation.
The Philippines is targeting a 35% share of renewable energy in the power generation mix by 2030 and 50% by 2040, driving investment in wind, solar and energy storage projects across the country.