Alternergy to raise $211.1m for wind projects

This will fund the Tanay and Alabat wind power projects.

Philippines-based renewable energy firm Alternergy Holdings will be raising around $211.2m (PHP12b) to fund the construction of its two power projects, tapping three investment banks as the lead arranger for the fundraising.

In a statement, Alternergy said BPI Capital, RCBC Capital and SB Capital will assist the company with the debt financing for the Tanay Wind Power Project in Rizal Province and the Alabat Wind Power Project in Quezon Province.

ALSO READ: Philippines awards six contracts for large-scale floating solar

Both projects were won under the Green Energy Auction 2 Programme last July.

Alternergy President Gerry Magbanua said this is the company’s largest project financing deal.

The two wind projects have a total capacity of up to 164 megawatts and will be completed by 2025.

$1 = PHP56.81

Follow the link for more news on

Philippines' renewable projects

Also Read

Azure Power secures INR37b REC, HSBC refinancing

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit