Renewable energy pioneer Alternergy Holdings Corp. has secured a green corporate loan from Banco De Oro Unibank, Inc. (BDO) to advance its renewable energy projects in Rizal, Quezon, and Bataan.
Alternergy disclosed to the Philippine Stock Exchange (PSE) that it has secured a P2 billion green corporate loan to advance the development of the Tanay and Alabat Wind Power Projects in Quezon and Rizal, as well as the Solana Solar Project in Hermosa, Bataan.
Alternergy President Gerry P. Magbanua stated that this marks the first loan issued under the company’s green finance framework.
“As a Green Corporate Loan, Alternergy highlights our commitment to sustainability by strictly adhering to international principles, guidelines, and standards for green finance instruments,” he stated.
“BDO has been a steadfast partner to Alternergy over the years, aiding in the development of our portfolio as a dedicated renewable energy company. We are pleased to have BDO once again take a leading role in our innovative sustainability-linked financial instrument,” Magbanua added.
Anticipated to come online by the end of 2025, the trio of power projects will provide 204 megawatts (MW) of additional capacity, bolstering the company’s expansion and tackling the nation’s electricity supply issues.
With MVGS Law representing the borrower and Romulo Law representing the lender, BDO Capital and Investment Corp. was named the Mandated Lead Arranger.
