Alternergy Wins Big in 4th Green Energy Auction

In a disclosure to the Philippine Stock Exchange (PSE), renewable power pioneer Alternergy Holdings Corporation (Alternergy) announced that five of its qualified bids for three different renewable technologies in all three regions of Luzon, Visayas and Mindanao were successful under the recent DOE’s 4th Green Energy Auction.

The Department of Energy (DOE) released Friday the List of Preliminary Results of Accepted Bids under its 4th Green Energy Auction conducted earlier this Tuesday, September 2.

Alternergy said five of its qualified bids under the 4th Green Energy Auction were included in the DOE Preliminary List of Accepted Bids, consisting of one onshore wind project in Luzon, a second onshore wind project in Visayas, two floating solar projects in Luzon, and one solar plus energy storage project in Mindanao.

“We are delighted to learn of our successful participation under the DOE’s Green Energy Auction”, said Gerry P. Magbanua, president of Alternergy.  “Our Triple Play strategy to expand our project pipeline with new renewable technologies in floating solar and solar plus battery storage, on top of our core strength in developing onshore wind, finally paid off.” Alternergy also pursued a nationwide project pipeline development with new projects in all three regions of Luzon, Visayas and Mindanao.

Further details will follow pending final confirmation with the DOE of its winning bids.