PAVI Green Renewable Energy Inc. of the Villar Group plans to put up 1,000 megawatts of renewable energy projects in the medium term with investments of about P40 billion as it aims to become one of the leaders in the fast-growing clean energy industry.
Robert Marlon Pereja, chief operating officer of PAVI, said the company was open to partnerships to bring their projects to fruition.
“We are looking at 1,000 MW of installed capacity in the next three to five years. The investment will be around P40 billion and it will be a combination of partnerships and fully-owned projects,” Pereja said.
“We intend to be at the forefront of the renewable energy industry in the years to come. We’re also looking at expanding our green portfolio in the coming years as we also seek more opportunities in wind and hydropower,” he said.
“We are here to stay to ensure that our built assets will serve their purpose to supply clean energy to communities today and for future generations,” said Pereja.
The company expects to complete the 20-MW Orion Bataan solar project by the end of 2022, the output of which will be supplied to retail electricity supply company Kratos RES.
PAVI is also putting up a 36-MW solar project in San Vicente, Camarines Norte and a 50-MW solar facility in Naga, Camarines Sur which are expected to be completed next year.
Aside from solar, PAVI is also eyeing opportunities in hydro and wind projects.
“True to our name, we are not just a solar company but a renewable energy company. At this point, we are already looking at some opportunities in hydro and wind power,” said Pereja.
Pereja said the Villar Group decided to pursue RE as part of its environmental responsibility, which has always been at the heart of their operations.
“It has always been our main thrust and as such, we look forward to a future geared towards building sustainable and resilient communities. We believe that contributing to the RE capacity of the Philippines is a major contribution to nation-building, and in mitigating the effects of climate change,” he said.
“It is a direction founded on the principles and values of the Villar group and we intend to be at the forefront of this industry,” Pereja said.