Vivant confident to hit 30% RE target by 2030
CEBU, Philippines — With its aggressive move to speed up the growth of Renewable Energy (RE) component of its business, Vivant Corporation through its subsidiary Vivant Energy is confident to exceed its 30 percent target by 2030.
“Over the next seven years, we are looking at investing up to P21 billion specifically for Renewable Energy. With that and with what we have in the pipeline, we are quite confident that we will exceed our 30 percent target by 2030,” said Vivant Corporation President Emil Andre M. Garcia during the company’s Annual Stockholders’ Meeting held Thursday, June 15, 2023.
The 30 percent renewable energy for power generation portfolio by 2030 is aligned with the ESG framework.
The P21 billion expenditure for RE will make up more than 75 percent of total CAPEX (capital expenditure) up to year 2030.
In the short term, the company is focusing on investing more on Solar projects. It is also looking at the development of Wind power generation in the longer term.
The Cebu-based publicly listed company also expressed its intention to further strengthen its initiatives.
- Latest
