Singapore-based renewable energy company Vena Energy and the Vivant Energy Corporation have signed a joint venture agreement with Aboitiz Renewables (ARI) for the development, construction, and operation of a 206 MW wind project.
Located in San Isidro, Northern Samar in the Visayas, the project will feature 33 wind turbine generators with a capacity of 6.25 MW each, establishing it as one of the largest onshore wind projects in the Philippines.
The San Isidro Wind Project is slated to reach a financial close and commence construction in the fourth quarter of 2023, and commercial operation is expected 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,” Nehria added.
“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 realising our 10-year strategy of achieving a 50:50 balance in our renewable and thermal portfolios,” said ARI President and Chief Operating Officer James Arnold Villaroman.