THE Vivant Group is expanding its renewables portfolio with its latest equity investment into one of the country’s major players in rooftop solar.
Vivant Renewable Energy Corp. (VREC) will acquire a shareholding of 34.85 percent through a series of investments in Buskowitz Energy, a sustainable solutions enterprise specializing in rooftop solar photovoltaic installations. The investment is part of the Vivant Group’s commitment to expand its renewable energy portfolio.
“We give high importance to both supply security and sustainability in our investments. We study renewables as well as technologies that combine both conventional and renewable. In our projects in small power utilities group areas, we find hybrid technologies to be highly viable,” VREC president and chief executive officer Emil Andre Garcia said.
VREC is a wholly owned subsidiary of Vivant Energy Corp., the holding company for energy-related investments of publicly listed Vivant Corp.
Buskowitz Energy chief executive officer James Buskowitz said VREC’s series of investments amounting to up to P364 million will enable Buskowitz Energy to continue innovating and making a positive impact on the country’s development.
“At the end of the day, the benefits of harnessing the power of the sun go beyond lowering costs. Sustainability is the true bottom line and sustainable development is the common future, where the needs of this generation must be met without compromising the needs and growth of future generations,” Buskowitz said.
Together, Vivant and Buskowitz Energy hope to power more communities with renewable energy, offer sustainable solutions and create a low-carbon future for the Philippines.
Buskowitz’s first collaboration with Vivant started in 2019 when it was commissioned to provide engineering, procurement and construction services for several rooftop solar projects. To date, the total capacity of solar installations made by Buskowitz with Vivant has reached 2.4 megawatts. / PR