Alternergy Holdings Corp. is hoping to expand its renewable energy portfolio to one gigawatt by 2030 as it aims to complete 225 MW of generation this year, a top executive said Wednesday.
“For our more exciting projects under construction, we are expecting to complete a total of 225 megawatts of generation in 2025, where construction currently are in full blast activities,” Alternergy president Gerry Magbanua said.
This is on top of the company’s existing 86 MW of power operational RE projects to date. These projects include the Alabat and Tanay wind projects, Bataan solar project and the hydro project in Gabaldon, Nueva Ecija.
The Dupinga run-of-river mini hydro power project in Nueva Ecija is 83-percent completed, while the Balsik solar power project in Hermosa Bataan is more than 50-percent finished with full completion expected within the first half of 2025.
Construction of the 128-MW Tanay and 64-MW Alabat wind power projects continue with the delivery of the first shipment of wind turbine generators in April.