Connect with us

Hi, what are you looking for?


Vivant energy unit to acquire solar power facility in Bulacan 

CEBU-BASED Vivant Corp. said its unit Vivant Energy Corp. executed a sale and purchase agreement with Cleantech Global Renewables, Inc. for the acquisition of a solar power plant in Bulacan with a target capacity of 22-megawatt peak and ancillary facilities.

In a stock exchange disclosure on Wednesday, Vivant Energy said its recently acquired project company, San Ildefonso Alternative Energy Corp. (SIAEC), had signed the agreement and a deed of absolute sale with Cleantech.

“Our investment in SIAEC is in line with our goal to increase our renewable energy portfolio to 30% by 2030,” Vivant President Emil Andre M. Garcia said in a media release.

Vivant said $10.93 million of the $15.5 million purchase price was already paid. The remaining amount will be allocated for the payment of the development fees and related expenses.

Last month, Vivant announced that its board approved in December 2022 the acquisition of the project company that will own and operate the solar power plant facility in Bulacan.

Vivant Energy said that it signed a share sale and purchase agreement with Cleantech to acquire its 1.25 million shares in SIAEC.

“We will continue to look for opportunities, not just in solar but also in other technologies as part of our thrust to support countrywide development and improve everyday living in our communities,” he added.

The transaction is expected to increase Vivant’s renewable energy capacity.

The SIAEC project is expected to generate about 30 gigawatt-hours per year, which translates to a 18,000-ton carbon dioxide reduction. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Source: The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what...


REUTERS BRUSSELS — European Union (EU) countries’ energy ministers are set to give final approval on Tuesday to the bloc’s law to end sales...


NEWLYWEDS pose for a photographer in front of overflowing garbage bins in a street near the Eiffel Tower as garbage has not been collected...


A WOMAN walks on the ice to a measuring point on the Pers Glacier near the Alpine resort of Pontresina, Switzerland, July 21, 2022....


RAWFILM-UNSPLASH BERLIN  — Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris...


FREEPIK THE UNPRECEDENTED fiscal firepower used to protect the vulnerable from the harsh socio-economic impact of the COVID-19 pandemic and the resulting economic contraction...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.