Renewable energy pioneer Alternergy Holdings Corporation announced Friday that it successfully secured five renewable energy projects under the Department of Energy’s (DOE) 4th Green Energy Auction, with winning bids across all three major Philippine island regions: Luzon, Visayas, and Mindanao.
In a disclosure to the Philippine Stock Exchange (PSE), Alternergy confirmed that the DOE included its five qualified bids in the List of Preliminary Results of Accepted Bids, released on September 5. The auction was conducted earlier this week, on September 2.
The accepted bids cover three renewable technologies: two onshore wind projects—one each in Luzon and Visayas—two floating solar projects in Luzon, and a solar-plus-battery energy storage system in Mindanao.
“We are delighted to learn of our successful participation under the DOE’s Green Energy Auction,” said Gerry P. Magbanua, Alternergy president. “Our Triple Play strategy—expanding into floating solar and solar with storage while reinforcing our wind energy expertise—has paid off.”
This nationwide win reinforces Alternergy’s long-term expansion strategy to diversify its renewable energy portfolio. The company is currently pursuing the development of up to 500 MW of additional capacity across solar, wind, and run-of-river hydro projects.
Alternergy said further details will be disclosed upon final confirmation by the DOE.
The company, which made its PSE debut in March 2023, was added to the PSE Industrial Index in August 2024 and distributed its first preferred share dividends in December 2024.
