Alternergy Holdings Corporation (Alternergy), through its wholly owned subsidiary Alabat Wind Power Corporation (AWPC), and the National Grid Corporation of the Philippines (NGCP) have signed an Interconnection Agreement (ICA) for the Alabat Wind Power Project in Alabat, Quezon. The ICA will allow for the evacuation of renewable energy capacity from the Alabat Wind Power Project via NGCP's 69 kV Hondagua transmission line in Lopez, Quezon.
“The ICA signing is a huge breakthrough for the Alabat Wind Power Project. We are grateful to NGCP for boosting the project’s ability to meet its commitment to the Department of Energy (DOE) under the Green Energy Auction 2 (GEA 2) Program,” said Gerry P. Magbanua, president of Alternergy and AWPC. “NGCP has provided the Alabat Wind Power Project with an interconnection scheme that is most efficient and responsive to ensure viability and timely completion,” he added. “NGCP understands the challenges faced by renewable energy developers. We are pleased to work with Alternergy and AWPC to ensure that the renewable power capacity from the Alabat Wind Power Project will be delivered within its committed timeline,” Anthony Almeda, NGCP president and CEO, said. “As the transmission network provider and system operator, NGCP strives to assist power project developers to bring the needed energy infrastructures that will bring forth socio-economic benefits to the country and help accelerate energy transition goal of the government.” The Alabat Wind Power Project is set to begin development following the DOE's award of the Certificate of Confirmation of Commerciality (CoCoC) and the completion and signing of commercial contracts, particularly the wind turbine supply agreement and the balance of plant engineering, procurement, and construction contracts. The Notice to Proceed with Construction will be given in April. Under GEA 2, Alternergy is committed to completing the Alabat Wind Power Project by the end of 2025. Alternergy is a renewable power pioneer with a portfolio of project companies engaged in different RE projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind projects.
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