Green Renewable Energy Inc., a subsidiary of Prime Asset Ventures Inc. (PAVI) of the Villar conglomerate, has cornered a 20-year power supply agreement (PSA) for its 40.4-megawatt Naga solar farm installation in the Bicol region.
Green Renewable Energy Inc., a subsidiary of Prime Asset Ventures Inc. of the Villar conglomerate, has cornered a 20-year power supply agreement for its 40.4-megawatt Naga solar farm installation in the Bicol region.
When implemented, PAVI Green said, the Naga solar power plant project can potentially energize at least 15,000 homes per year. The initial foray of PAVI Green in the RE investment terrain had been those on solar rooftop installations – primarily for the malls of affiliate Vista Malls in Santiago, Isabela; Cabanatuan, Nueva Ecija; Iloilo as well as in the provinces of Bacolod and Butuan.
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