The meteorological mast and LIDAR instrument of publicly listed firm Alternergy Holding Corporation in its Tanay Wind Power Project in this undated photo. Alternergy on Friday (Oct. 24, 2025) said it has entered into a co-investment deal with ABC Energy Inc. for the latter to pour in PHP2.4 billion in the Tanay and Alabat wind power projects. (Photo courtesy of Alternergy)
Alternergy Holding Corporation has strengthened its renewable energy footprint after retaining majority control in two major wind power ventures through a P2.4-billion co-investment deal with ABC Energy Inc., a subsidiary of A Brown Company Inc.
In a joint disclosure to the Philippine Stock Exchange, Alternergy confirmed its 60-percent ownership in both the 128-megawatt (MW) Tanay Wind Corporation and the 64MW Alabat Wind Power Corporation. The two projects are currently in advanced stages of construction and are expected to be completed by 2026.
The investment forms part of Alternergy’s broader capital-raising strategy to expand its clean energy portfolio, which includes wind, solar, run-of-river hydro, and battery storage projects.
“The investment by ABC Energy marks a significant step in expanding its renewable energy portfolio, following the divestment of its coal power interest in Palm Concepcion Power Corporation in July 2025,” the disclosure noted.
Alternergy president Gerry Magbanua lauded the partnership, citing A Brown’s long-standing experience in energy development and its historical roots in the Tanay area.
“A Brown has a proven investment history in energy and resources development,” Magbanua said. “We also acknowledge the Brown family’s 90-year legacy in the progressive municipality of Tanay.”
For ABC Energy, the collaboration represents both a strategic and symbolic move toward cleaner energy.
“Our P2.4-billion investment is the largest single investment across the A Brown Group to date and aligns with our commitment to accelerate green energy initiatives,” said ABC Energy president Paul Juat. “We’re proud to support the region’s growth, where A Brown also has real estate and development interests.”
Once completed, the Tanay and Alabat wind projects are expected to play a pivotal role in boosting the Philippines’ renewable energy capacity and advancing the country’s transition toward a more sustainable power future.