Vivant Energy acquires 22 MWp solar power plant in Bulacan, Philippines

Vivant Corporation, through its subsidiary Vivant Energy, has acquired a 22 MWp solar farm project in San Ildefonso, Bulacan, Philippines for $15.5 million.

Vivant Energy Corporation signed an asset sale and purchase agreement and deed of absolute sale with Cleantech Global Renewables Inc. The transaction is a strategic investment to increase Vivant’s footprint in the renewable energy industry. Of the purchase price of $15.5 million, $10.93 billion was paid for the purchase of assets, while the balance will be allocated for the payment of other development fees and related expenses.