Alternergy Holdings Corporation is seeking the assistance of three investment banks to help raise PHP12 billion to finance the construction of two wind power projects, with a combined capacity of 164 MW, in the Philippines. The company is seeking financing from BPI Capital, RCBC Capital, and SB Capital.
The deal is expected to be finalised before the end of 2023.
Two of the wind projects that Alternergy will develop were secured under the Green Energy Auction 2 (GEA 2) program of the Department of Energy (DOE). Work on these projects will be finalised by 2025.