Wind Power

28 May 2025

7:47PM

First mover: Ayala-backed ACEN takes 25% stake in Danish giant CIP’s 1,000-MW offshore wind project

The Ayala Group-backed ACEN Corp. is taking the lead in the Philippines’ clean power sector as it sealed a landmark deal with Copenhagen Infrastructure Partners (CIP) to acquire a 25-percent stake in the country’s largest offshore wind project.

21 Apr 2025

9:54PM

Alternergy secures P3.26B from RCBC for Alabat Wind Project

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.

8 Apr 2025

5:38PM

Alternergy receives Philippines’ largest wind turbine on Alabat Island

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.

7 Apr 2025

3:35PM

NexGen subsidiary secures Green Lane certifications for P300-B wind farms

Airstream Renewable Corp., a subsidiary of NexGen Energy Corp. (PSE:XG), has received Green Lane certifications from the Board of Investments' One-Stop Action Center for Strategic Investments for its planned wind energy projects in Real and Mauban, Quezon.

21 Oct 2024

8:54AM

Saavedra’s CREC taps global partner for major wind energy push

Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC), through subsidiary Citicore Wind Energy Corp., is partnering with Levanta Renewables to develop an onshore wind portfolio in the Philippines.

13 Jun 2024

8:18AM

Alternergy gets P5.3 billion RCBC loan, nears 500-MW goal

Alternergy Holdings, through its unit Alabat Wind Power, has secured a P5.3 billion project finance facility from RCBC.

8 May 2024

1:35PM

Ayala’s ACEN reports 34% increase in net income driven by renewable energy expansion

By: Miguel R. Camus

The Zobel family-led ACEN reported a 34 percent increase in consolidated net income, reaching P2.7 billion in the first quarter of 2024, as attributable renewable energy output surged by nearly 50 percent.

1 Apr 2024

8:55AM

Alternergy's Alabat Wind Power Project on Track for 2025

By: Miguel R. Camus

Alternergy Holdings Corp., the listed renewable power firm founded by former Energy Secretary Vicente Perez, aims to begin operations of its Alabat wind power project in Quezon province next year.