PAVI Green to commission 3 solar projects next year

MANILA, Philippines — PAVI Green Renewable Energy Inc. of the Villar Group is targeting to start commercial operations and commissioning of three solar projects next year as it ramps up its portfolio.

The three projects are the 40.4-megawatt (MW) Naga solar power plant project, the 20-megawatt (MW) solar power facility in Bataan, and the 36-MW solar power facility in San Vicente, Camarines Norte.

PAVI Green chief operating officer Robert Marlon Pereja said the average investment for the projects is at $810,000 per MW.

The company early this year bared plans to invest P40 billion in the development of 1,000 megawatts of capacity in three to five years.

PAVI Green is a subsidiary of Prime Asset Ventures Inc., the holding company founded by Paolo Villar.

It is one of the newest players in the renewable energy industry to have been granted entry into capacitating requirements for the Luzon grid.

Pereja said the company is also looking at other renewable energy technologies, such as offshore wind.

“We’re looking at it. It’s one thing to be comfortable with the technology. It’s another thing to find a suitable location for that technology,” he said.

Pereja said PAVI Green is also open to tapping foreign partners, but “it has to be the right partner for the right project.”

“Maybe if the partner can bring in technology that no one has ever done before,” he said.

Aside from large-scale power plant projects, PAVI Green’s renewable energy initiatives also include energizing various malls across the country.

The company has so far successfully completed rooftop solar projects. It has supplied clean energy to five Vista Mall branches in Isabela, Nueva Ecija, Iloilo, Bacolod and Butuan.

It is also set to extend these projects to eight additional Vista Malls this year.