Alternergy Holdings Corp., the clean energy firm chaired by former Energy Secretary Vicente S. Perez Jr., has cleared a major regulatory hurdle for its Tanay Wind Power Project.
Alternergy Holdings Corp., the clean power firm led by former Energy Secretary Vicente S. Perez Jr., is planting early seeds for its next wind power venture—this time in Albay, a province not yet known for large-scale renewable energy.
The investment is not only legitimate and well-structured, but also represents a prudent allocation of the resources of the state pension fund into an asset that offers stable returns, manageable risk, and tangible benefits for the fund’s members and the country’s renewable energy ambitions.
Fast-growing renewable power player Alternergy Holdings Corp. (ALTER) declared its first-ever dividends to holders of common shares, indicating sustainable financials amid ongoing expansion.
Alternergy Holdings Corp., chaired by former Energy secretary Vicente S. Perez Jr., has received the first shipment of what will be the largest wind turbines ever installed in the Philippines, marking a key step in the development of its 128-megawatt Tanay Wind Power Project.
Alternergy Holdings Corp. posted a 31 percent decline in net income to P109 million for the nine-month period ending March 2025, down from P158 million a year earlier due to the absence of a one-time gain from its full acquisition of the Tablas Straits Offshore Wind Projects.
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 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.