Levanta Renewables (Levanta) is partnering with Citicore Renewable Energy Corporation (CREC) on the development of a 375 MW onshore wind portfolio in the Philippines.
Under the agreed terms, Levanta and CREC will establish a joint venture company to drive the development of four onshore wind projects located in Luzon and Visayas. These projects secured offtake via the Department of Energy’s Green Energy Auction Programme (GEAP) in July 2023. The partnership is subject to certain customary conditions and is expected to close in the next few months.
Levanta Renewables is a renewable energy platform in Southeast Asia, backed by Actis. Citicore Renewable Energy Corporation (CREC) is committed to the development and operation of solar, hydro, and wind projects in the Philippines.
