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A major milestone was reached today with the arrival of the first shipment of wind turbine generators (WTGs) for the Tanay Wind Power Project, a flagship renewable energy initiative that will significantly contribute to the country's transition toward clean, energy-secure development. Alternergy Holdings Corporation (ALTER), through its subsidiary Alternergy Tanay Wind Corporation (ATWC), made the announcement. The shipment, which includes twelve (12) 90-meter wind blades and other components, arrived by ocean barge at ATWC’s constructed jetty at Dinahican Port in Infanta, Quezon.
This delivery marks the beginning of a new chapter in the Philippines’ pursuit of sustainable energy. With a total planned capacity of 128MW, the Tanay Wind Power Project is set to be a major contributor to the nation’s renewable energy portfolio. Each of its turbines, the largest to be deployed in the country to date, has a capacity of 8MW. Supplied by Envision Energy, each turbine features three 90-meters long blades, each roughly the length of a football field, creating a wide rotor diameter of 182 meters. Once installed, the towers will reach a height of almost 200 meters, comparable to landmark buildings like RCBC Plaza or Ayala Triangle Gardens North in Makati City, standing up to 60 storeys tall. “This achievement underscores our commitment to promoting a cleaner, greener future for the Philippines," said Knud Hedeager, president of Alternergy Wind Holdings Corporation. "We are proud to contribute to the country’s energy transition and help secure long-term energy independence for the Philippines through renewables." The arrival of the first shipment reflects the significant progress of the project and the dedication of the teams working to bring it to life. Additional shipments are expected in the coming months to complete the Project’s full capacity. "We are excited to see this project take shape and make a real, lasting impact on the country's energy landscape," Mr. Hedeager added. "We remain fully engaged with our partners, local stakeholders, and government agencies to ensure the successful completion of this landmark project." The Tanay Wind Project is one of five renewable energy projects under construction by Alternergy, forming part of ALTER’s Road to 500 MW capacity goal by 2026. 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. With robust expansion plans in the next two years, Alternergy aims to develop up to 500MW of additional wind, solar, and run of river hydro projects. Alternergy’s management team is comprised of a pioneering group of RE advocates led by former energy secretary Vince Pérez, Gerry Magbanua, Knud Hedeager, Eduardo Martinez Miranda, Michael Lichtenfeld, Atty. Ina Arriola, Annette Rafael and Carmen Diaz. Alternergy ("ALTER") debuted at the Philippine Stock Exchange as the first initial public offering (IPO) in March 2023. In August 2024, ALTER has been included in the PSE Industrial Index. In December 2024, ALTER issued first dividend payments to its preferred shareholders, including the Government Service Insurance System (GSIS) in the amount of P118 million. |
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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