Source: http://bworldonline.com/vivant-corp-inks-deal-chinas-et-energy-solar-projects/
CEBU CITY-based Vivant Corp. is venturing into solar power plants or rooftop PPAs (Power Purchase Agreements) after it formally sealed a joint venture deal with Chinese firm ET Energy on Monday. The two firms have formed ET Vivant Solar (EVC), which will focus on providing turnkey solutions through PPAs. “Our partnership with ET Energy allows us to add a new option to the solutions we offer our customers, partners and communities, allowing us to be more adaptable to the changing needs in the market,” said Arlo G. Sarmiento, chief operating officer of Vivant. Under the joint venture deal, ET Energy and Vivant, through its wholly owned subsidiary Vivant Renewable Energy Corp. (VREC), will complement and expand their respective expertise in technology, project development, operations, power generation and retail electricity supply. “ET Energy firmly believes that clean energy is the future. That’s why we are dedicated to providing green electricity for customers all over the globe.” said ET Energy President and Chief Executive Officer Dennis She. — The Freeman
