Renewable energy pioneer Alternergy Holdings Corp. has entered into a P2.4 billion co-investment agreement with ABC Energy Inc., the energy holding firm of A Brown Co., Inc., for a significant stake in its Tanay and Alabat wind projects, the companies disclosed to the Philippine Stock Exchange.
Under the agreement, ABC Energy will acquire a 40 percent equity interest in Alternergy Tanay Wind Corp. and Alabat Wind Power Corp. Alternergy, through Alternergy Wind Holdings Corp., will retain the majority 60 percent ownership in both project companies.
The 128-megawatt (MW) Tanay and 64-MW Alabat wind projects are in advanced stages of construction and are targeted for completion by early 2026. Once operational, they will become the first wind projects completed under the 2nd Green Energy Auction Program during the administration of President Ferdinand Marcos Jr.
Alternergy said the proceeds from the partnership align with its capital recycling strategy to fund its growing portfolio in wind, solar, run-of-river hydro, and battery storage projects.
“We are pleased to welcome ABC Energy as our minority partner in our Tanay and Alabat projects,” said Gerry P. Magbanua, president of Alternergy. “A Brown has a proven investment history in energy and resources development, and a longstanding presence in Tanay.”
Paul B. Juat, president of ABC Energy, said the P2.4 billion investment represents the largest single investment by the A Brown Group to date and underscores its shift toward green energy initiatives, following its divestment from coal interests in July 2025.
The transaction remains subject to regulatory review and Philippine Competition Commission approval.
