VIVANT Energy Corp. (VEC) through its subsidiary Vivant Renewable Energy Corp. (VREC) is divesting its 32.26 percent 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 and Small Power Utilities Group businesses,” said Mark Habana, VREC president and chief executive officer.

VEC said Buskowitz will remain as a potential solar engineering, procurement and construction (EPC) partner of VEC.

“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,” said James Buskowitz, Buskowitz Energy president and chief executive officer.

VEC said it is on track with its 70:30 percent conventional and renewable energy capacity mix target by 2030.

VEC is the holding company for the energy-related investments of Vivant Corp. which has a total energy capacity of around 382 megawatts and is considered as the among the largest power providers in off-grid areas.

 Buskowitz Energy is a solar development EPC company that offers solar power purchase agreements as well as leases and solar loans for companies and individuals to help them switch to renewable energy solutions.