Cebu-based Vivant Energy Corp. has acquired a 200-megawatt wind power project in Northern Samar from Envision Energy Philippines, expanding its renewable energy portfolio and strengthening its position in the country’s clean energy sector.
Vivant 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 also 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.”
The acquisition marks another step in Vivant’s push to grow its renewable energy business as it works toward its “30 by 30” goal of increasing renewable energy capacity.
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 development through turbine technology, engineering services and other project development expertise as it moves toward construction and commercial operation.
The transaction highlights the growing role of Cebu-based companies in national energy infrastructure, particularly as the Philippines seeks to attract more investment in wind, solar and other renewable energy projects.
