Renewable energy firm Alternergy Holdings Corporation has secured a PHP 2.4 billion co-investment from ABC Energy Inc., the energy arm of A Brown Company Inc., for its Tanay and Alabat wind power projects now in advanced construction.

In a joint disclosure to the Philippine Stock Exchange, Alternergy said ABC Energy will acquire a 40% equity stake in Alternergy Tanay Wind Corporation (ATWC) and Alabat Wind Power Corporation (AWPC). Alternergy’s wind holding unit, Alternergy Wind Holdings Corporation, will retain the majority 60% ownership in both project companies.

The 128-megawatt (MW) Tanay Wind Project in Rizal and the 64 MW Alabat Wind Project in Quezon are slated for completion by early 2026. Once operational, they will be the first wind projects awarded under the second Green Energy Auction of the Marcos Jr. administration to reach completion.

Alternergy said the proceeds from the deal form part of its capital recycling strategy to fund a growing pipeline that includes 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 Alternergy President Gerry P. Magbanua said. “A Brown has a proven investment history in energy and resources development. We also acknowledge the Brown family’s longstanding presence of over 90 years with the progressive municipality of Tanay.”

Paul B. Juat, president of ABC Energy, said the partnership aligns with the firm’s transition toward sustainable investments. “We look forward to partnering with Alternergy, the pioneer in wind energy in the Philippines, on these landmark projects. Our PHP 2.4 billion investment represents the largest single investment across the A Brown Group to date and aligns with our strategy to accelerate green energy initiatives. A Brown is also present in Tanay through its real estate holdings and development activities, contributing to the area’s continued growth,” Juat said.

The transaction remains subject to regulatory review and Philippine Competition Commission approval.

Alternergy, listed on the PSE under the ticker ALTER, is targeting up to 500 MW of additional renewable capacity by 2026 through its “Road to 500MW” program.

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