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Manila Bulletin devider Business devider The Stock Market devider Vivant Energy acquires stake in Bataan solar project

Vivant Energy acquires stake in Bataan solar project

Published Sep 11, 2025 04:32 pm
Cebu-based Vivant Energy Corporation announced a new renewable energy (RE) investment in Luzon through its acquisition of a stake in a solar facility in Bataan.
In a disclosure to the Philippine Stock Exchange on Thursday, Sept. 11, Vivant said it acquired a 40 percent equity stake in Samal Solar Renewable Energy Corp. (SSREC), giving it a share in the 53.14 megawatt-peak (MWp) Samal Solar Project, which began operations last August.
“The investment reinforces Vivant Energy’s commitment to the Department of Energy’s call for stronger public-private partnerships that ensure the benefits of the energy transition are realized through local development and capacity building,” it said.
The Samal solar facility was developed by Tigon Power Corp. and is managed by SSREC.
The project currently supplies 52 MW worth of supply to Vivant Energy’s retail electricity unit, Corenergy.
Corenergy gets its supply from a diverse mix of sources and generation beyond solar, including conventional and other renewable energy (RE) supplies.
During the first half of the year, the company’s net income increased by 11 percent to ₱962 million due to Vivant’s presence in the reserve market amid the decrease in spot market prices.
According to Vivant, its Cebu Energy Development Corp. (CEDC), Therma Visayas, Inc. (TVI), 1590 Energy Corp., and Meridian Power Inc. (MPI) were among the power plants that participated in the reserve market.

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