Listed renewable energy firm Alternergy Holding Corporation retained majority ownership of the Tanay and Alabat wind power projects in its co-investment tie-up with ABC Energy Inc. worth P2.4 billion.

In a joint disclosure with the Philippine Stock Exchange, Alternergy and the A Brown Company Inc. subsidiary said the former has a 60-percent share in the 128-megawatt (MW) Tanay Wind Corporation and the 64MW Alabat Wind Power Corporation.

The two power projects are in advanced construction stages and are scheduled to be completed next year.

The disclosure said proceeds of the co-investment deal is in line with Alternergy’s capital raising strategy to fund its project pipeline in wind, solar, run of river and battery storage.

“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,” it said.

“A Brown has a proven investment history in energy and resources development,” Alternergy president Gerry Magbanua said. “We also acknowledge the Brown family’s longstanding presence of over 90 years with the progressive municipality of Tanay.”

ABC Energy president Paul Juat said they are looking forward to the partnership with Alternergy.

“Our P2.4 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,” he said.

ALTENERGY PHOTO