PAVI Green aims to deliver RE to more homes
BY LENIE LECTURA – JULY 4, 2022
from Business Mirror
PAVI Green Renewable Energy Inc. of the Villar Group is gearing up to contribute to the Philippines’s goal of hitting 35-percent share of renewable energy (RE) capacity in the power generation mix by 2030.
PAVI Green, a subsidiary of Prime Asset Ventures Inc. (PAVI), is the holding company founded by Paolo Villar. It is one of the newest players in the renewable energy industry to have been granted entry into capacitating requirements for the Luzon grid.
“This is a significant development for PAVI Green and we are proud to contribute to this initiative. Our vision is to bring sustainable renewable energy into homes across the country today and in the future,” said Robert Pereja, Chief Operating Officer of PAVI Green.
He was referring to the recently concluded Green Energy Auction Program (GEAP) in which PAVI Green was declared as a winning bidder for its Naga solar power plant project with a bid capacity of 40.400megawatts (MW).
When implemented, the Naga solar power plant project can potentially energize at least 15,000 homes per year and, more importantly, the project is expected to reduce carbon emissions by approximately 144,680 tons of carbon dioxide.
Alongside its participation in the GEAP, PAVI Green has also been working to complete its large-scale power plant projects. Its 20MW solar power facility in Bataan is expected to be completed this year while its 36 MW solar power facility in San Vicente is targeted to be completed in 2023.
The output of the 20MW solar facility will be supplied to its Retail Electricity Supply (RES) company, Kratos RES Inc.
The company’s other RE initiatives include energizing various malls across the country. To date, PAVI Green has successfully completed rooftop solar projects supplying clean energy to five Vista Mall branches in Santiago, Isabela; Cabanatuan, Nueva Ecija; Iloilo, as well as in the provinces of Bacolod and Butuan. The company is also set to extend these projects to cover eight additional Vista Malls this year.
“Sustainable energy is the future, and we hope to significantly contribute to the Philippines’s renewable energy targets as we aspire to be a premier provider of renewable energy to homes and businesses across the country,” Pereja said.
Earlier, PAVI Green said it was ready to pour in P40 billion to build 1,000MW of capacity in three to five years.
It earlier said it was looking to complete at least 100 MW of solar projects online next year. “We have a 36-MWp project in San Vicente, Camarines Norte and a 50-MWp project in Naga, Camarines Sur,” Pereja earlier said, adding that it is also seeking more opportunities in wind and hydropower.
The Villar Group made its foray in the power sector when it won the bid to supply electricity to Siquijor Island through PAVI Green. It then ventured into solar rooftop development before embarking on large-scale solar power projects.
