The amount is the first major release under a P5.3-billion project financing facility arranged with RCBC. It follows the Yuchengco family-controlled bank’s earlier release of P800 million in funding for Alternergy’s Balsik Solar project in March.
Each turbine features 90-meter blades — about the length of a football field — and a rotor diameter of 182 meters. When installed, the towers will reach 195 meters in height, comparable to Makati City skyscrapers such as RCBC Plaza and Ayala Triangle Garden North.
Renewable energy developer Alternergy Holdings Corp. is expanding its wind power portfolio with a new onshore project in Albay, signaling continued investor momentum in the clean energy space.
Alternergy Holdings Corp., chaired by former Energy secretary Vicente Pérez, has been included in ATRAM Trust Corp.’s sustainability-focused equity portfolio, one of its top-performing funds.
Renewable energy firm Alternergy Holdings Corp. (ALTER) saw operating revenues jump over 80 percent in the first half of fiscal year 2025, reaching P181 million from P100 million. This growth was largely driven by its Palau Solar Power Project, which began commercial operations in December 2023.
Alternergy highlighted that the new capital raising effort — pegged at around P15 billion — builds on the company’s recent success in securing P20 billion in funding within 15 months of its public listing in March 2023.
Renewable power pioneer Alternergy Holdings Corp. (ALTER) has secured a P1 billion project finance senior term loan from Rizal Commercial Banking Corp. (RCBC) to fund its 28-MWp (Megawatt-peak) Balsik Solar Power Project in Hermosa, Bataan.
Fast-growing renewable energy player Alternergy Holdings Corp. (ALTER) has delivered its first annual dividend of P117.93 million to the Government Service Insurance System (GSIS).
The Ayala Group’s Bank of the Philippine Islands (BPI) marked a major milestone by signing its first green bond-backed loan deal with renewable power player Alternergy Holdings to fund a 128-megawatt wind farm in Tanay, Rizal.