Insider Spotlight
The big picture
The approval allows Alternergy — chaired by businessman and former Energy Secretary Vince Perez — to offer up to 50 million green preferred shares in one or more tranches at P100 per share, drawn from its unissued capital stock.
The move gives the company flexibility to tap the capital markets when conditions are favorable, rather than committing to an immediate issuance.
Why it matters
The planned fundraising supports Alternergy’s growing pipeline of renewable energy projects, particularly those awarded under the government’s Green Energy Auction program. Proceeds are earmarked for projects spanning solar, wind, and battery storage across Luzon, Visayas, and Mindanao.
In a statement to the Philippine Stock Exchange on Friday, April 10,2026, company president Gerry Magbanua said the approval reflects investor confidence in the sector, noting that “we see this unanimous approval as a vote of confidence in renewable energy's potential, especially amidst global energy security concerns.”
Between the lines
The offering is not immediate, however. Alternergy emphasized that any issuance will depend on approvals from the Securities and Exchange Commission and the PSE, as well as broader market conditions.
Magbanua added that timing will be “tactical,” with close monitoring of macroeconomic trends and local market dynamics.
State of play
Alternergy is ramping up capacity following recent project completions, including a solar plant in Bataan and a hydro facility in Nueva Ecija. Its wind projects in Tanay and Alabat are nearing completion, while development has begun on additional projects with a combined capacity of up to 500 megawatts.
The firm is building a war chest to sustain aggressive expansion in renewables, betting that investor appetite for green assets will remain strong as energy security concerns and climate pressures reshape the Philippine power sector. —Daxim L. Lucas | Ed: Corrie S. Narisma
