Publicly listed Alternergy Holding Corporation is acquiring two wind energy projects in Quezon province, with a potential capacity of around 331.2 megawatts (MW).
The renewable energy firm, in a disclosure with the Philippine Stock Exchange (PSE) Monday, said its special purpose company, Calavite Passage Wind Power Corporation, is acquiring CleanTech Global Renewables Inc.’s Tayabas South Wind Energy and the Tayabas North Wind Energy projects through a Deed of Assignment.
Data from the Department of Energy’s (DOE) website showed that both projects are still under pre-development and are part of the Department’s 4th Green Energy Auction (GEA) as of April 30, 2025.
The north project has a potential capacity of around 144 megawatts (MW), and the south, 187.20 MW, it showed.
The disclosure said that as of Sept. 5, the North Wind Energy project has a projected capacity of 96MW and is included in DOE’s preliminary list of accepted bids.
Alternergy president Gerry Magbanua said these acquisitions are part of the company’s next project pipeline once it achieves 500 MW capacity.
“We are excited to develop our second wind project in Quezon Province after our 64MW Alabat Wind Project is completed in early 2026,” Alternergy president Gerry Magbanua said.
CleanTech chief executive officer Salvador Antonio Castro Jr. said they will retain an equity stake in the two energy projects and have an option to co-invest in these.
“We look forward to co-developing these wind projects with Alternergy, the pioneer in wind energy in the country,” he said.