Renewable energy (RE) company Alternergy Holdings Corp. is setting a P20-billion capital expenditure (capex) program to expand the company’s RE portfolio in the next three to five years.
Renewable energy company Alternergy Holdings Corp. is setting a P20-billion capital expenditure program to expand the company’s RE portfolio in the next three to five years.
The Alternergy chief said the P20-billion capex will be funded through a 70:30 debt-equity mix, of which P6 billion will be bankrolled through equity capitalization. In the next three to five years, the company is eyeing to add 300MW to 350MW of RE capacity under its P20-billion capex program, the bulk of which will be wind power generation at 220MW, followed by solar at 33MW and run-of-river hydroelectric power at 50MW, according to Magbanua.
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