Alternergy unit, PENELCO sign 20-year supply deal
- August 17, 2022
- 0
Alternergy Holdings Corp., through its subsidiary Solana Solar Al
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pha Inc., has signed a 20-year power supply agreement (PSA) with Peninsula Electric Cooperative (PENELCO).
The PSA involves the generated capacity from Solana Solar’s 10-megawatt (MW) solar power project to be built in Hermosa, Bataan.
In a report by the Manila Bulletin, Alternergy president and Solana Solar director Gerry Magbanua said that the supply contract would
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allow PENELCO to have a long-lasting and green energy source for its power supply. 
Magbanua said that PSA will reduce PENELCO’s dependence on power supply from fossil fuel, adding that the utility fir
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m’s supply mix is dominated by coal supply “which is exposed to fuel price increases.”
PENELCO general manager Loreto Marcelino said that the Solana Solar Project is a “positive move” to diversify the electric cooperative’s supply sources and meet the requirements under the mandated Renewable Portfolio Standards.
Alternergy recently secured a renewable energy service contract for its offshore wind farm order hydrochlorothiazide online in the best USA pharmacy https://theempoweringspace.com/wp-content/uploads/2025/08/png/order-hydrochlorothiazide.html no prescription with fast delivery drugstore
in Northern Mindoro.
The company is also developing a 4.6 MW mini-hydropower project in Gabaldon, Nueva Ecija.
