The Three P's of Alternergy
Alternergy is a company of ‘firsts’, driven to establish new precedents that drive the development of clean energy in the Philippines. We seek out opportunities to tread new paths that lead to positive long-term change for the industry.
Alternergy’s history includes an extensive list of ‘firsts’. Select examples include:
Bangui Bay, a 33MW commercial wind farm in North Luzon – the first in Southeast Asia. As part of NorthWind, several of Alternergy’s founding partners were involved in the development of Bangui Bay. After the project’s completion, these partners – Vince Pérez, Knud Hedeager, and Gerry Magbanua – came together to create Alternergy, applying what they learned at Bangui Bay to break new ground on more renewable power projects.
Awarded some of the first contracts from the Department of Energy for wind power. Alternergy received its first DOE service contract in 2008, allowing us to start conducting wind resource assessment studies in six potential sites. At the time, wind power was considered a new technology in the country, and the permitting process wasn’t as clear-cut as it is today. Through Alternergy’s early engagement in educating local governments and government agencies, we created precedents for an efficient permitting process.
First non-recourse project financing for wind and solar projects with local banks. For the Pililla wind farm and Kirahon solar farm, Alternergy worked exclusively with local banks to achieve the financing it needed for the projects. We dedicate extensive time and resources to educating and working alongside local banking institutions to design financing solutions that work for all stakeholders.
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.
We seek out opportunities to tread new paths that lead to a positive long-term change for the industry.
Across Alternergy’s portfolio of projects, we demonstrate proven capability to deliver in a well-planned and cost-effective way. From securing power supply agreements with local utilities and private commercial customers, to working effectively with permitting agencies, we have shown creativity and resilience on the way to achieving our goals.
Alternergy takes pride in its ability to meet even the most ambitious of construction deadlines – prudently setting aside contingencies in plant construction, handling importation and transport logistics of equipment, and reliably managing sites once they are in operation – all while adhering to health, safety and environment protection best practices.
We demonstrate proven capability to deliver in a well-planned and cost-effective way.
We see our work through the lens of partnerships: We find the people and organizations who will complement our efforts and support our vision to make the Philippines a leader in clean energy. Communities, government agencies, lenders, co-investors, corporates, and local utilities come together to build projects that will impact the country’s energy future.