Alternergy acquires 80 MW wind project in Visayas

The project will be delivered in 2028.

Philippines-based Alternergy Holdings Corporation has acquired the Alegria Cebu Wind Power Project, its first wind power project in the Visayas Grid.

In a bourse filing, Alternergy said its wind investment holding company, Alternergy Wind Holdings Corporation, will acquire a 95% equity stake in MC Project Solutions Inc. (MCPSI), which is developing the 80 megawatt (MW) project.

The Alegria Cebu Wind Power Project has been chosen as one of the winning bidders in the Department of Energy’s Fourth Green Energy Auction conducted in September. It is in the pre-development stage and has a committed delivery date in late 2028 under the Fourth Green Energy Auction.

“The acquisition of the Alegria Cebu Wind Project will contribute to accomplishing Alternergy’s goal of reaching a total energy capacity of renewable energy projects of One Green Gigawatt (1GW) by 2030,” the company said.