Alternergy Holdings Corporation is looking to add 1.4 gigawatts (GW) of renewable energy to its portfolio in the next five years using its “triple play” strategy, its top official said.
In a report by the Manila Bulletin, Alternergy co-founder and president Gerry Magbanua said that the company will be focusing on three technologies: wind, solar, and run-of-river hydro in order to meet their portfolio goal.
Magbanua said that the company has blueprinted projects for both onshore and offshore wind developments. Among those include its planned offshore wind farm in Northern Mindoro through its subsidiary Pililia AVPC Corporation (PACO). The 72 MW Pililia 2 wind farm project in Rizal and the 10 MW Alabat Island wind farm are also in the pipeline.
According to a World Bank study, the country has potential offshore wind resources worth around 178 gigawatts (GW).
For its run-of-river hydropower projects, Alternergy’s awarded service contracts are now under commercial development stages. These include the 4.6 MW Dupinga hydropower project in Gabaldon, Nueva Ecija, the 17.5 MW Kiangan project, and the 6.8 MW Lamut-Asipulo hydropower project in Ifugao province.
For solar power, the company will be covering both ground-mounted utility-scale solar projects and rooftop installations. The company’s 10 MW Solana solar farm project in Hermosa, Bataan is currently being pushed to the construction phase.
Currently, Alternergy has 70 MW of operating assets totaling 10 projects, while five are under construction.