Alternergy Tanay Wind Project Receives Php1.4 billion from BPI and Security Bank

Renewable power pioneer Alternergy Holdings Corporation (ALTER), through its unit Alternergy Tanay Wind Corporation (ATWC), today announced it has received this month Php 1.4 billion funding from Bank of the Philippine Islands (BPI) and Security Bank.

The Php 1.4 billion proceeds is the third (3^rd) drawdown, bringing to Php 4.9 billion the total amount released to date by BPI and Security Bank as joint project lenders for the Tanay Wind Power Project.

“We are delighted to receive a total of P5 billion to date from BPI and Security Bank, underscoring the continued progress of our Tanay Wind Power Project's construction,” said Carmen Diaz, Alternergy Chief Financial Officer. “We appreciate the unwavering support and commitment from our lenders, which is crucial in bringing this project to fruition.”

Construction of the Tanay Wind Power Project is making significant progress with the arrival of the first shipment of wind turbine generators at Dinahacan Port I in Infanta, Quezon, earlier this month (July 2025). The shipment consisted of twelve 90-meter wind blades and other essential components. “We anticipate the next shipment of wind turbine generators to arrive in August 2025, further advancing the project's construction timeline," Ms. Diaz added.

The Tanay Wind Power Project is one of five renewable energy projects under construction by Alternergy, forming part of ALTER’s Road to 500 MW capacity goal by 2026.