Renewable energy leaders Alternergy Holdings Corp. and ABC Energy Inc. have officially secured the Philippine Competition Commission’s (PCC) nod to jointly develop two major wind projects: the 128 MW Tanay Wind Power Project and 64 MW Alabat Wind Power Project.
Under the agreement, ABC Energy acquires a 40 percent stake in Alternergy’s wind subsidiaries—Alternergy Tanay Wind Corporation and Alabat Wind Power Corporation—while Alternergy retains 60% ownership in each.
“The PCC clearance affirms our partnership as transparent and fair, free of any market manipulation,” said Gerry P. Magbanua, Alternergy president. “We are thrilled to move forward with construction toward commercial operations.”
For ABC Energy, the deal represents the largest investment in its history. “This approval cements our partnership with Alternergy and accelerates ABC Group’s green energy ambitions,” said Paul B. Juat, ABC Energy president.
The collaboration was inked in October 2025, with the PCC application submitted in December 2025. Legal and financial advisory teams were in place: AlphaPrimus Advisors and Astris Finance for Alternergy, Mabuhay Capital for ABC Energy, with Romulo Mabanta Buenaventura Sayoc & de los Angeles and Picazo Buyco Tan Fider Santos & Dee providing legal counsel, respectively.
The move is a strong vote of confidence in the Philippines’ renewable energy sector, highlighting growing investor interest in wind power projects. The Tanay and Alabat projects are expected to expand the country’s clean energy capacity significantly, supporting national targets for sustainable electricity generation.
With regulatory hurdles cleared, construction is set to ramp up, positioning the joint venture as a cornerstone of the nation’s green energy future.
