Levanta Renewables, Actis’ Southeast Asia renewable energy platform, has entered into a strategic partnership with Triconti Windkraft Group to jointly develop the Atimonan Onshore Wind Project, located on Luzon island in the Philippines. The project was awarded under the Government Energy Auction 4 (GEA-4).
A large-scale project to support Luzon’s growing energy demand
The wind farm, scheduled to commence commercial operations in 2028, aims to boost the country’s energy capacity in a context of rising demand, particularly on Luzon island. It is expected to contribute to the national target of reaching a 35% share of renewable energy in the power mix by 2030.
The partnership combines Triconti’s local experience with Levanta’s deployment capabilities, already demonstrated across Southeast Asian markets. Under the agreement, both companies will jointly plan, develop and implement the project, working with local authorities and energy regulators.
An alliance focused on bankability and performance
Levanta’s involvement aligns with a broader strategy of investing in shovel-ready projects with strong revenue visibility. For Triconti, joining forces with a regional player such as Levanta provides leverage to move the wind farm efficiently into execution following its award through the government auction mechanism.
The Atimonan project represents a strategic milestone for both companies in the evolving Philippine energy market. By merging their respective strengths, Levanta and Triconti aim to ensure the project’s technical and economic viability, while meeting the reliability standards set by the national energy regulator.
A positive signal for regional investors
The success of this joint venture may strengthen international investor interest in the Philippine renewable energy sector, particularly for onshore projects outside metropolitan areas. The Atimonan wind farm is also seen as a test case for the government’s auction framework, designed to support large-scale projects within a stable contractual environment.
