PCC clears Alternergy and ABC Energy partnership

• PCC affirms partnership between Alternergy and ABC Energy

• Alternergy 60% majority owner, ABC Energy at 40%

• Alternegy and ABC Energy committed to complete Tanay and Alabat Wind Power Project within 2026

Renewable power pioneer Alternergy Holdings Corporation (Alternergy) and ABC Energy Inc. today announced obtaining clearance from the Philippine Competition Commission (PCC) to jointly develop the 128 MW Tanay Wind Power Project and 64 MW Alabat Wind Power Project.

In a certification recently received, the PCC cleared the investment by ABC Energy, Inc. (ABC Energy) of a 40% equity stake in Alternergy’s two wind units – Alternergy Tanay Wind Corporation (ATWC) and Alabat Wind Power Corporation (AWPC). Alternergy remains majority shareholder in the two companies at 60% each.

“The PCC clearance affirms the partnership between Alternergy and ABC Energy as aboveboard, transparent and free of any unfair market manipulation or practices,” said Gerry P. Magbanua, president of Alternergy.

“We are delighted to receive the PCC clearance and are excited to continue construction of the Tanay and Alabat Wind Power Projects toward commercial operation,” Mr. Magbanua added. 

“The approval by PCC seals our partnership with Alternergy. This is our single largest investment to date and we are looking forward to this partnership as we accelerate ABC Group’s own green energy initiatives,” Paul B. Juat, president of ABC Energy, said.

Alternergy and ABC Energy signed the partnership in October 2025 subject to regulatory review and approval by the PCC. In December 2025, application to PCC was submitted.

AlphaPrimus Advisors and Astris Finance acted as Joint Financial Advisors to Alternergy while Mabuhay Capital acted as Financial Advisor to ABC Energy.  Romulo Mabanta Buenaventura Sayoc & de los Angeles acted as legal counsel to Alternergy while Picazo Buyco Tan Fider Santos & Dee acted as legal counsel to ABC Energy.