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Vena Energy, the leading renewable energy company in the Asia-Pacific region, and Vivant Energy Corporation have officially signed a joint venture agreement with Aboitiz Renewables Inc. (“ARI”) for the development, construction, and operation of the San Isidro Wind Project, boasting a substantial 206 MW capacity.
Situated in San Isidro, Northern Samar, in the Visayas region, the project will showcase 33 wind turbine generators, each with a capacity of 6.25 MW, solidifying its position as one of the largest onshore wind projects in the Philippines. Anticipated to achieve financial close and commence construction in the fourth quarter of 2023, the San Isidro Wind Project is set to commence commercial operation in the first quarter of 2025.
“Vena Energy is excited to partner with Vivant Energy and welcome Aboitiz Renewables to the San Isidro Wind Project, which will become one of the largest onshore wind farms in the Philippines,” said Samrinder Nehria, Vena Energy’s Country Head in the Philippines. “Vena Energy has been dedicated to accelerating the energy transition in the Philippines since we commissioned our first local renewable energy project in 2014, and we continue to be fully committed to contributing to the nation’s sustainable energy future”.
“It is a pivotal moment for Vivant to partner with ARI and Vena Energy in the San Isidro Wind Power Project. We share the same vision of helping the country address its critical power needs via a renewables solution to reduce our dependence on fossil fuels,” added Emil Andre Garcia, President and CEO of Vivant Energy Corporation.
“We are excited to partner with Vena Energy and Vivant Energy so that together, we can contribute to the Philippines’ clean energy aspirations. This undertaking demonstrates ARI’s progress in growing its renewable energy capacity to 4,600 MW and is another momentous step in realizing our 10-year strategy of achieving a 50:50 balance in our renewable and thermal portfolios,” noted ARI President and Chief Operating Officer James Arnold Villaroman.