Villar-led PAVI Green secures 20-year power supply deal for Naga solar plant

Villar-led PAVI Green Renewable Energy Inc. has secured a 20-year power supply agreement (PSA) for its 40.4-megawatt solar farm in Naga, Bicol Region. 

PAVI Green is among the winning bidders in the Green Energy Auction Program (GEAP) of the Department of Energy (DOE) in June. 

PAVI Green said that its participation in the GEOP is in support of the government’s goal to achieve energy security through renewable energy. The Villar company said that its Naga solar plant can power at least 15,000 homes annually upon full operations. 

Earlier in March, PAVI Green said that it would be investing around Php 40 billion to help build its 1,000 MW portfolio in three to five years. 

PAVI Green CEO Robert Pereja said the PSA is a “significant development” for the company. He added that its the PAVI Green’s vision to “sustainable renewable energy into homes across the country today and in the future.” 

The company is also set to complete its 20-MW-peak solar power facility in Orion, Bataan this year, while the 36 MWp solar facility in San Vicente, Camarines Norte is expected for completion by 2023. 

PAVI Green recently completed solar rooftop installations to five Vista Mall branches across Isabela, Nueva Ecija. Iloilo, Bacolod, and Butuan. Eight more branches are expected to be installed with solar rooftops by the end of the year. 

PAVI Green is a subsidiary of Prime Asset Ventures, Inc.