Alternergy secures P2-b loan from BDO to fund RE projects

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Alternergy Holdings Corp. said Thursday it signed a P2-billion green corporate loan agreement with BDO Unibank Inc. to support the completion of three renewable energy projects.

The loan is part of Alternergy’s capital funding strategy to support the timely construction of its renewable power projects, particularly the 112-megawatt Tanay and 64-MW Alabat wind power projects in the provinces of Rizal and Quezon, respectively, and the 28-MW Solana solar power project in Hermosa, Bataan.

The three new power projects will add 204 MW of new capacity by end-2025 towards achieving Alternergy’s accelerated growth trajectory and helping address the country’s power supply constraints. He said BDO has been a long-time partner of Alternergy over the years in building its portfolio as a pure-play renewable company.

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MlaStandard /  🏆 20. in PH

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