Vivant Corporation plans to invest around PHP 67 billion in its energy and water businesses through 2030, with the bulk of the spending allocated toward expanding its renewable energy and power generation portfolio.

During its Annual Stockholders’ Meeting on May 21, the Cebu-based conglomerate said around PHP 60 billion, or 90% of the planned investments, will go to its energy business, while the remaining PHP 7 billion will be allocated to water projects.

The company said it aims to expand its total attributable generation capacity to 1,000 megawatts by 2030, with at least 30% coming from renewable energy sources under its “30 by 30” target.

Vivant added that around 78% of its planned energy investments will be directed toward renewable energy projects as it works toward building a more balanced portfolio of conventional and renewable assets.

“Following the strong performance delivered in 2025 and amid the challenges encountered in the first quarter of 2026, we remain firmly committed to achieving our 2030 targets,” said Vivant Corporation Chief Executive Officer Arlo G. Sarmiento.

Among the company’s key energy developments is the completion of the San Ildefonso Alternative Energy Corporation solar plant in Bulacan, which is awaiting final regulatory approvals. Full commercial operations are expected to begin within the third quarter of 2026.

Vivant also highlighted its participation in the Department of Energy’s fourth round of the Green Energy Auction Program through Isla Este Renewables Corporation, which secured a 17.5-megawatt solar project in Bohol.

In Palawan, Vivant Energy secured long-term power supply agreements that will support the expansion of Delta P Inc.’s Puerto Princesa plant from 31 MW to 45 MW and Calamian Islands Power Corporation’s facilities in Coron and Busuanga from 13 MW to 34 MW.

The company also signed a 15-year power supply agreement through Isla Dilaab Energy Corporation to provide 11 MW of dependable power to Siquijor, with plant construction expected to begin soon.

Vivant has also disclosed that it acquired a 40% stake in Samal Solar Renewable Energy Corporation in late 2025. The company operates a 49-megawatt peak solar plant in Bataan and has plans for further expansion.

Vivant added that the solar facility contributed PHP 9 million to the company’s first-quarter 2026 earnings.

The company also reported growth in its retail electricity business through COREnergy, which relaunched its brand in 2025 following regulatory changes in the contestable market.

According to Vivant, COREnergy has secured a total contracted capacity of 60 MW to date, representing a 175% increase compared to the previous year.

The company said it continues to expand its water business, including investments in desalination and water distribution projects in Cebu.

As the Philippines continues to push for energy security and renewable energy expansion, how important will large-scale private investments be in supporting the country’s growing power demand?

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