Alternergy acquires 80MW Cebu wind project, its first in the Visayas Grid

Renewable power pioneer Alternergy Holdings Corporation (Alternergy) announced that it is acquiring the Alegria Cebu Wind Power Project, its first wind power project in the Visayas Grid.

In a disclosure to the Philippine Stock Exchange (PSE), Alternergy’s wind investment holding company, Alternergy Wind Holdings Corporation, (AWHC), a wholly-owned investment holdings subsidiary of Alternergy Holdings Corporation (ALTER), will acquire a 95% equity stake in MC Project Solutions Inc. (MCPSI), which is developing the approximately 80MW Alegria Cebu Wind Project covered by Wind Energy Service Contract (“WESC”) No. 2024-05-402.

Alternergy reported that Alegria Cebu Wind Power Project of MCPSI with at least 56MW up to 80MW estimated capacity has been chosen as one of the winning bidders in the Department of Energy’s (DOE) Fourth Green Energy Auction conducted last September 2, 2025. The Alegria Wind Cebu Project is in the pre-development stage and has a committed delivery date in late 2028 under the Fourth Green Energy Auction.

“We are excited to develop our first wind project in Cebu which marks a significant step in expanding our renewable energy portfolio into the Visayas Grid”, said Gerry P. Magbanua, president of Alternergy. The acquisition of the Alegria Cebu Wind Project will contribute to accomplishing ALTER’s goal of reaching a total energy capacity of renewable energy projects of One Green Gigawatt (1GW) by 2030.

Pedro Pascual, CEO of MC Project Solutions Inc, added “Given the track record of Alternergy in wind project development, we are pleased to collaborate with Alternergy in developing the first wind energy undertaking on the island of Cebu.”