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In a statement, the firm said its subsidiary, Alternergy Wind Holdings Corp., received a new certificate of authority from the Department of Energy (DOE) to develop a wind project spanning 3,807 hectares in Batangas City and the municipality of Lobo.
This project is expected to host a minimum of 150 megawatts (MW) of wind capacity, forming part of the company’s post-2026 development pipeline following its ongoing “Road to 500 MW” initiative.
The provisional approval gives Alternergy exclusive rights to explore and assess wind resources in the designated area. It marks the firm’s second such approval after a prior award for a site in Albay.
Under the agreement, Alternergy has three years to complete pre-feasibility studies and secure necessary government permits. If deemed commercially viable, the project will be eligible for conversion into a 25-year wind energy service contract.
“This is a significant milestone that strengthens our commitment to developing more clean energy projects nationwide,” said project manager Neil Tanguilig during the Batangas Energy Summit, where the announcement was made.
Alternergy co-developed Southeast Asia’s first wind facility in Bangui Bay in 2005 and launched the Pililla wind farm in Rizal in 2015. It is currently constructing wind projects in Tanay, Rizal and Alabat, Quezon.
The Batangas site will be the company’s fifth wind development, with the Albay site as its sixth.
Alternergy debuted on the Philippine Stock Exchange in March 2023 and was added to the PSE Industrial Index in August 2024. In December 2024, it declared its first dividend of P118 million to preferred shareholders, including the Government Service Insurance System.
— Edited by Daxim L. Lucas
