Alternergy Holdings Corp. said Friday it secured a P2.4-billion co-investment from ABC Energy Inc., the energy holding subsidiary of listed A Brown Co. Inc., for a 40-percent stake in its Tanay and Alabat wind projects.
Alternergy said in a joint disclosure to the Philippine Stock Exchange (PSE) it would retain 60-percent majority ownership of its 128-megawatt (MW) Tanay and 64-MW Alabat wind projects, which are both in advanced construction stages and set for completion by early 2026.
The wind projects are expected to be the first completed wind projects awarded during the second Green Energy Auction under the Marcos Jr. administration. Proceeds from the co-investment will be used to fund Alternergy’s project pipeline across wind, solar, run-of-river, and battery storage.
“We are pleased to welcome ABC Energy as our minority partner in our Tanay and Alabat projects,” said Alternergy president Gerry Magbanua.
“A Brown has a proven investment history in energy and resources development. We also acknowledge the Brown family’s longstanding presence of over ninety years with the progressive municipality of Tanay,” he said.
ABC Energy said the investment marks a significant step in expanding its renewable energy portfolio, following the divestment of its coal power interest in Palm Concepcion Power Corp. in July 2025.
ABC Energy president Paul Juat said the company’s investment in Alternergy’s wind projects represents the largest single investment across the A Brown Group to date and aligns with its strategy to accelerate green energy initiatives.
Juat also noted that A Brown is present in Tanay through its real estate holdings and development activities.
AlphaPrimus Advisors and Astris Finance served as joint financial advisors to Alternergy, while Mabuhay Capital acted as financial advisor to ABC Energy.
Legal counsel to Alternergy was Romulo Mabanta Buenaventura Sayoc & de los Angeles, and legal counsel to ABC Energy was Picazo Buyco Tan Fider Santos & Dee.
The transaction is subject to regulatory review and to the approval of the Philippine Competition Commission (PCC).
