Vivant bullish on solar PV as viable renewable energy source

Cebu-based Vivant Energy Corp., through its retail company COREnergy Inc., is banking on the potential of solar photovoltaic ventures to expand its renewable energy portfolio.

Vivant Energy President and COO Emil Andre M. Garcia said in a press statement on Friday that there is a "particularly strong interest" in solar PV, a technology that can be a viable source of renewable energy in the country.

"Interest in renewable energy sources has been increasing as more and more industries look for ways to future-proof their businesses. This is another step towards our goal to expand our RE portfolio by 30 percent by 2030," Garcia said.

This week, Vivant Energy announced two renewable energy development ventures — a 20-year power supply agreement with Samal Solar Renewable Energy Corp. or SSREC and a tripartite deal with Aboitiz Renewables, Inc. and Vena Energy to develop, build and operate a 200-megawatt or MW wind project in the Visayas.

According to Garcia, these developments will translate to better retail electricity services and solar and energy engineering solutions that will benefit consumers and business owners.

COREnergy is a retail company that offers total energy solutions to commercial and industrial establishments.

For this year, the company targets to add 18MW of solar rooftop generation capacity.

Last year, it contributed to the renewable energy target of the entire Vivant Group by growing its rooftop solar business from 2 MW to 6 MW.