Treasure Island taps Vivant subsidiary to shift to solar energy
CEBU CITY, Philippines – Vivant Energy Corporation subsidiary ET Vivant Solar helps Cebu-based manufacturing company Treasure Island Industrial Corporation (TIIC) meet its sustainability goals by converting part of its energy requirements to solar.
ET Vivant has installed solar panels on the roof of buildings at the TIIC compound in Barangay Tingub, Mandaue City. The solar rooftop installation is designed to generate 1400 kWp of renewable energy exclusively for TIIC’s packaging division, iPak.
TIIC’s Packaging Division, branded as iPak, manufactures plastic and metal packaging materials, containers, pouches, caps, seals, and labels, as well as plastic household containers for domestic and international customers.
“As a manufacturing plant, we have taken great strides in protecting the environment in communities where we operate,” TIIC Senior Vice President Douglas Ong said. “Partnering with ET Vivant to use solar energy supports our mission to be a value-driven company that generates sustainable growth and delivers maximum profitability.”
“Using solar also allows TIIC to see savings in terms of its electricity consumption from the grid,” Ong said.
Treasure Island and ET Vivant signed a power purchase agreement allowing the manufacturing conglomerate to use all of the solar energy generated by the photovoltaic panels installed on the rooftop of its buildings.
ET Vivant, a partnership between leading global renewable energy developer ET Energy and Vivant Energy Corporation, will ensure maintenance of the solar rooftop installation until it turns over ownership of the modules to TIIC at the end of the 15-year contract.
“We are thankful that TIIC chose to start this change with ET Vivant,” Vivant Energy Corporation President and CEO Arlo G. Sarmiento said. “At ET Vivant, we develop solutions that not only meet the needs of our customers, but also adapt to the changing environment. We are particularly excited that this is our first solar project in our home province of Cebu, where we’ve been providing energy solutions that improve everyday living for almost a century.”
“We thank TIIC for trusting us to become their partner,” said Dennis She, CEO of ET Energy. He said that ET Vivant will take TIIC through every step of the process to ensure the success of the partnership.
The ET Vivant joint venture was formalized in December 2016 as part of Vivant Energy’s efforts to expand its renewable energy investments through subsidiary Vivant Renewable Energy Corporation.
Vivant Energy holds publicly listed Vivant Corporation’s investments in energy distribution and generation, retail electricity supply and energy-related engineering solutions. Through its equity interests in subsidiaries and associates, Vivant Energy provides energy-related services in Luzon, the Visayas and in Mindanao. /dcb
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