Alternergy names advisors for rollout of 500-MW capacity goal

Two financial advisors were designated.

Alternergy Holdings Corporation has appointed its financial advisors for its next capital raising initiative that will support the rollout of its 500-megawatt capacity target.

In a bourse filing, Alternergy said AlphaPrimus Advisors and Astris Finance will advise on various options for the energy firm’s capital raising framework.

AlphaPrimus focuses on mergers & acquisitions advisory and debt advisory. Meanwhile, Astris Finance is a global transaction advisory firm that provides a full suite of investment banking services in connection with energy transition projects.

This latest capital raising initiative follows the $342.18m (PHP20b) funding raised by Alternergy in 15 months since its public listing in March 2023.

$1 = PHP 58.42