Vivant earmarks P46B in clean energy drive

Cebu-based holding firm Vivant Corp. is allocating around P46 billion in cumulative investments through 2030 to expand its power generation portfolio, with a strong focus on renewable energy.

Speaking at the company’s annual stockholders meeting on Thursday, Vivant Chief Executive Officer Arlo Angelo G. Sarmiento said the planned investment will help keep the company on track to meet its target of raising the share of renewables in its energy mix to 30 percent by the end of the decade.

“To bring this portfolio to life, we are projecting a cumulative project investment of roughly 46 billion pesos between now until 2030,” Sarmiento said.
“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.”

Sarmiento noted that despite inflationary pressures, a weak peso, and supply constraints in the energy and water sectors, Vivant delivered its “strongest performance to date” in 2024.

Last year, the company expanded its off-grid electrification efforts in Palawan. Its subsidiary Delta P signed a long-term power supply agreement (PSA) for mainland Palawan, followed by another PSA secured by Calamian Island Power early this year for Busuanga and Coron.

Vivant also continued to scale up its on-grid renewable energy portfolio. Construction is underway on its solar project in Bulacan under San Ildefonso Alternative Energy, which is expected to begin commercial operations this year.

Further supporting its clean energy goals, the company holds a 30-percent stake in the 206-megawatt Lihangin Wind Energy Project in Northern Samar. The project is currently in the pre-construction phase and is targeted to begin commercial operations by 2027.

Despite these developments, Sarmiento pointed out that conventional generation remains essential to ensuring energy reliability, particularly in areas where firm capacity is critical. The company also scaled up its presence in retail electricity supply through Corenergy.

Vivant’s diesel fleet, composed of more than 270 megawatts (MW), is deployed across both on- and off-grid areas.

“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,” he said.

As of December 2024, Vivant’s consolidated attributable generation portfolio stood at 451 megawatts, including 177 MW from on-grid coal assets, 207 MW in on-grid diesel, and 67 MW in off-grid diesel.