Aboitiz Power Corp. has partnered with Vena Energy and Vivant Energy Corp. in putting a 206-megawatt (MW) wind power project in Visayas.
The joint venture will be called Lihangin Wind Energy Corp. The three companies signed an agreement to construct and operate the San Isidro Wind Power Project in San Isidro, Northern Samar.
In a report by Philippine Star, Aboitiz Power said that the wind project is looking to reach its financial close and begin construction by the fourth quarter.
Commercial operations, meanwhile, are slated for the first quarter of 2025.
Aboitiz Power president and CEO Emmanuel Rubio said that the wind project is a significant boost to the country’s wind portfolio.
Aboitiz Power will undertake the project through Aboitiz Renewables Inc. (ARI), its renewable energy arm.
On Vivant Energy’s side, the project brings the company closer to its goal of expanding its renewable energy portfolio to 30% by 2030.