In a disclosure to the Philippine Stock Exchange, Alternergy said its unit Calavite Passage Wind Power Corp. signed a deed of assignment to acquire project assets, permits, and contracts for CleanTech’s Tayabas North and Tayabas South wind projects.
The Tayabas North project, with at least 96 megawatts (MW) in estimated capacity, was among the qualified bids under the Department of Energy’s fourth Green Energy Auction held on September 2.
“We are excited to develop our second wind project in Quezon Province after our 64MW Alabat Wind Project is completed in early 2026,” said Gerry P. Magbanua, president of Alternergy.
The new Tayabas projects form part of Alternergy’s next pipeline beyond its initial 500-MW target.
CleanTech will retain an equity stake in both ventures and may co-invest further, while Mabuhay Capital served as financial advisor to the deal. The transaction is still subject to Department of Energy approval.
—Edited by Miguel R. Camus
