Investment History

November 2023 State-run pension fund Government Service Insurance System (GSIS) and Alternergy jointly announced the subscription by GSIS to P1.45 billion of Alternergy’s Perpetual Preferred Shares 2 Series A under a private placement. August 2023 In commemoration of its 15 years in the RE business, Alternergy organized a team-building activity to create a stronger and more cohesive unit who will work efficiently and harmoniously towards a common goal July 2023 Alternergy won all three RE projects with 208 MW gross installed capacity which it bid at the Green Energy Auction 2 initiated by the DOE July 2023 Solana Solar Alpha, Inc. cement power supply agreement with Kratos RES, a subsidiary of Prime Asset Ventures, Inc. (PAVI) of the Villar Group June 2023 SPEC launched the Republic of Palau’s first solar and battery energy storage (BESS) project in Ngatpang state on Babeldoab Island—The largest of its kind in the Western Pacific region and one of the most significant foreign direct investments in the island nation with a total project cost of USD29 million June 2023 Solar Pacific Energy Corporation appoints DNV, a Norwegian construction company, as l as Owners Engineer for the 15.3 MW solar power and 12.9 MWh battery in its solar project in Palau in Western Pacific March 2023 Alternergy debuted at the Philippine Stock Exchange raising PHP1.6 billion from its initial public offering­—it is the first IPO for the year February 2023 PACO bags three additional wind service contracts from the Department of Energy for the Tablas Strait Offshore Wind Project

November 2022 Alternergy via its subsidiary, Pililia AVPC Corporation (PACO) and Shell Overseas Investment B.V. sealed partnership for offshore wind farm development at the Calavite Passage in Mindoro November 2022 Alternergy and Exeter Portofino Holdings partnered for the development of the Lamut-Asipulo hydro power project; both partners share the same commitment to sustainability and local communities, improvement of cultural and preservation of the Ifugao Heritage Sites October 2022 Installs 10th meteorological mast on Alabat island in Quezon province to harness the northeast monsoon through its wind power project September 2022 Alternergy’s 4.6 MW Dupinga Mini Hydro Project secured power supply deal with Nueva Ecija Electric Cooperative II-Area 2 September 2022 Joint venture in offshore wind with Shell Overseas Investments August 2022 DOE extends pre-development period for Tanay Wind Projecf August 2022 Alternergy increase ownership in Solar Pacific June 2022 Alternergy acquire majority ownership of Kirahon Solar Energy Corp June 2022 DBP approved P1 billion loan facility for Lamut-Asipulo hydro project April 2022 Solar Pacific Pristine Power reach financial close with Export Finance Australia and DFAT for its Palau Solar Battery Project March 2022 Exeter Portofino signed Investment Agreement with Lamut-Asipulo Mini Hydro Corporation March 2022 Pililla AVPC Corporation awarded DOE Offshore Wind Service Contract for Calavite Passage in western Mindoro February 2022 Nueva Ecija Electric Cooperative Area 2 signed 4.6MW PSA with Dupinga Mini Hydro Corporation January 2022 Solana Solar Alpha signed 10MWac PSA with Peninsula Electric Cooperative

December 2021 On visit to Palau, Australia Trade Minister Marise Payne announces funding for Solar Pacific Pristine Power August 2021 National Commission Indigenous Peoples approved MOA with Indigenous Peoples of Asipulo and Lamut for Lamut-Asipulo Mini Hydro project July 2021 China Bank extend medium term facility to Alternergy Holdings July 2021 Solar Pacific CitySun received Certificates of Confirmation of Commerciality for three additional mall solar rooftops in Negros April 2021 Renova Renewables of Japan and Sta. Clara International signed Investment agreement for Kiangan Mini Hydro project April 2021 Solar Pacific signed PPA with Palau Public Utilities Corporation for its Palau Solar and Battery Storage Project

December 2020 Land for Solana Solar Alpha project acquired by Solar Pacific October 2020 Lamut-Asipulo Mini Hydro Project obtained ECC from DENR September 2020 Solar Pacific signed Term Sheet for project financing with Australia Infrastructure Financing Facility for the Pacific (AIFFP) June 2020 Energy Regulatory Commission issued Retail Electricity Supplier (RES) license for GESSI June 2020 Groundbreaking of Dupinga Mini Hydro Project in Gabaldon, Nueva Ecija May 2020 Solar Pacific selected First Ranked Bidder after competitive bidding with Palau Public Utilities Corporation, Alternergy’s first project outside the Philippines January 2020 Dupinga Mini Hydro Project signed contracts with UHBP, AIP Construction, and Gugler of Austria

December 2019 Alternergy Tanay Wind Corporation awarded Wind Service Contract for Alabat Island in Quezon Province September 2019 Solar Pacific acquired Solana Solar Alpha Inc.’s project in Hermosa, Bataan August 2019 Dupinga Mini Hydro Project signed P660 million project financing with DBP June 2019 Dupinga Mini Hydro Project obtained DOE Amended Confirmation of Commerciality May 2019 Solar Pacific CitySun’s solar rooftops began operations on two more CityMalls April 2019 Met mast and Lidar on Tanay wind project site February 2019 Dupinga Mini Hydro Project secured Amended ECC from DENR February 2019 Kiangan Mini Hydro Project obtained ECC from DENR

November 2018 Rizal Provincial Government Resolution gave permission for Tanay Wind Resource Assessment October 2018 Lamut-Asipulo Mini Hydro Project obtained DOE Amended Hydro Service Contracts and Certificate of Confirmation of Commerciality August 2018 Alternergy celebrates 10 years of pioneering clean power for the next generation March 2018 Over 130,000 local tourists visit Pililla wind farm on Easter weekend June 2018 Partnership with Vena Energy for Sembrano wind project July 2018 Phase I of CitySun, first multi-rooftop solar portfolio in the Philippines, comes into commercial operation

December 2017 Solar Pacific receives first non-recourse local bank financing for CitySun solar rooftop portfolio

November 2016 Green Energy Supply Solutions (GESSI) created to give large power customers access to clean energy April 2016 Singapore-based InfraCo Asia commits to co-developing Ifugao run-of-river hydro portfolio April 2016 Partnership with Markham Resources for Dupinga hydro project

October 2015 12.5MWp Kirahon solar farm comes into commercial operation on schedule and within budget June 2015 54MW Pililla wind farm comes into commercial operation on schedule and within budget May 2015 ERC approves the country’s first-ever bilateral solar PPA for Kirahon February 2015 12.5MWp Kirahon solar farm receives first non-recourse local bank project financing for solar January 2015 AES founder Roger Sant’s family foundation partners with Solar Pacific

December 2014 Solar Pacific forms joint venture with Mindanao Energy Systems July 2014 Pililla wind project receives first non-recourse local bank project financing for wind May 2014 Partnership with Equis Funds for Pililla wind project to replace Korea East West Power

November 2013 Solar Pacific signs first bilateral solar contract with CEPALCO September 2013 Alternergy Mini Hydro acquires development rights for 7 mini hydro projects from Enerhighlands February 2013 Alternergy Mini Hydro signs joint development agreement for Dupinga mini hydro project January 2013 Alternergy expands into mini hydro development January 2013 Solar Pacific set up to bring solar power to off-grid islands

December 2011 Alternergy received its first bank loan October 2011 After Fukushima earthquake, Eurus Energy bought out by Alternergy March 2011 Alternergy partners divest their 50% stake in Bangui Bay wind farm

October 2010 Asian Development Bank and the Government of Japan fund feasibility grants for Alternergy wind projects December 2010 1.8MW SBMHC mini hydro plant starts commercial operation

October 2009 Alternergy awarded three additional Wind Energy Service Contracts, making Alternergy the most active wind developer in the Philippines August 2009 Partnership with Eurus Energy of Japan and Korea East West Power to co-develop wind portfolio

December 2008 Renewable Energy Act comes into law, aimed at accelerating the development of renewable energy by increasing renewable energy-based installed capacity from 5,438MW in 2010 to about 15,304MW by 2030 December 2008 Alternergy awarded three wind Pre-Commercial Contracts by the Department of Energy to explore wind resources in Rizal, Laguna and Mindoro August 2008 Alternergy established June 2008 8MW Phase II of Bangui Bay comes into commercial operation

April 2007 Former Energy Minister Vince Pérez invests in Bangui Bay wind farm

June 2005 The 25MW Bangui Bay wind farm—the first wind farm in Southeast Asia—starts commercial operation. Four of Bangui Bay’s project partners will later come together to form Alternergy