Pioneering Project Finance

Alternergy seeks to open the floodgates of the domestic banking market to renewables. Our projects are funded with non-recourse project finance, using local currency whenever possible to reduce foreign exchange risk.

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In working with banks, we strive to instill confidence in our management experience. We negotiate a balance of risk-sharing between lender and borrower on market-based financing terms and conditions. 

 

The project loan facility for the Pililla wind farm was given a Sustainable Energy Finance Award by the IFC (International Finance Corporation) on August 31, 2016, and was featured as a Master’s Degree case study on renewable project finance at Yale University.

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Even today, banks are still more comfortable lending to coal power projects. We take a patient, collaborative approach to highlighting the long-term financial upsides of renewables and creating the structures needed to gain the buy-in of lending institutions. 

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In every Alternergy project, we provide lenders access to world-class technical analysis. They not only gain assurance of the project’s technical design robustness but also come away with knowledge and benchmarks to apply to future renewable lending opportunities.

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In every Alternergy project, we provide lenders access to world-class technical analysis.

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Project Financing Firsts

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• The 54MW Pililla wind farm was funded by an innovative non-recourse project loan facility by a consortium of three Philippine banks, the first non-recourse financing for a Feed-in-Tariff project in the Philippines.

• The 12.5MWp Kirahon solar farm utilized the first-ever non-recourse project financing for a bilateral solar power project in the Philippines.

• The 5MWp CitySun solar rooftop portfolio was the first project in the Philippines to utilize non-recourse project financing for a portfolio of solar rooftop projects.

• First multi-site solar rooftop portfolio under one project financing facility: For Solar Pacific CitySun Corporation, a commercial bank extended financing for eight commercial mall solar rooftops under a single facility.

• First battery energy storage in western Pacific. Alternergy is developing the first solar PV and battery energy storage hybrid project in the Republic of Palau, the largest solar hybrid project in the western Pacific.

• First floating solar pilot project was developed over Laguna Lake by one of Alternergy’s senior management team.

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