Vivant Renewable Energy Corporation (VREC), a wholly-owned subsidiary of Vivant Energy Corporation (VEC), is divesting its 32.26% stake in Buskowitz Energy.
“The divestment is part of VEC’s efforts to focus its investments on its core competencies, particularly in its retail energy supply (RES) and Small Power Utilities Group (SPUG) businesses.” said Mark Habana, President and CEO of VREC.
Buskowitz Energy is a solar development, engineering, procurement, and construction (EPC) company.
James Buskowitz, President and CEO of Buskowitz Energy, said: “This decision is rooted in mutual respect and a shared vision for a sustainable future. We value our past collaboration and look forward to pursuing our respective growth strategies.” Despite this transition, Buskowitz remains to be a potential solar engineering, procurement, and construction (EPC) partner of VEC. To date, VEC is on track with its 70%-30% conventional and renewable energy capacity mix target by 2030.
Buskowitz Energy is a solar development, engineering, procurement, and construction company and offers solar PPAs, leases and solar loans for companies and individuals to help them switch to renewable energy solutions. VREC is a wholly owned subsidiary of VEC, the holding company for the energy-related investments of publicly listed conglomerate Vivant Corporation (PSE:VVT)
