Alternergy wins five clean energy projects in DOE auction

Alternergy Holdings Corp. has secured five renewable energy projects under the Department of Energy’s (DOE) 4th Green Energy Auction, marking a major step in its nationwide expansion strategy.

The DOE released the preliminary list of winning bids from the September 2 auction, confirming Alternergy’s successful entry with projects across Luzon, Visayas, and Mindanao.

The awarded projects include two onshore wind farms—one each in Luzon and Visayas—two floating solar installations 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. 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,” said Alternergy President Gerry P. Magbanua.

The company stated that the results validate its strategy to diversify beyond onshore wind and establish a broader national presence in the clean energy sector.

Alternergy noted that further project details will be announced following the DOE’s final confirmation of the auction results.

Founded by a group of pioneering renewable energy advocates, Alternergy has a growing portfolio that includes wind, solar, and run-of-river hydroelectric projects.

The company is aiming to add 500 megawatts of clean energy capacity by 2026 as part of its “Road to 500MW” strategic plan.