Manila: Publicly-listed renewable energy firm Alternergy announced that it has received the certificate of approvals (COA) from the Department of Energy (DOE) for the five projects it submitted for the Green Energy Auction (GEA) 4. These projects collectively contribute a total of 500 megawatts (MW) of new capacity and include two onshore wind projects and two aqua-voltaic projects, as well as a solar plus battery energy storage system (BESS).
According to Philippines News Agency, the COAs cover the Tayabas North Wind project in Quezon and the Alegria Wind project in Cebu for the onshore wind category. For aqua-voltaic projects, the approvals include the Liberty Floating Solar, Phase A and Phase B, in Tarlac. Additionally, the Kalandagan solar + battery energy storage system is located in Tacurong City, Sultan Kudarat. Alternergy President Gerry Magbanua expressed enthusiasm, stating that the readiness of these projects signifies a major step toward full-scale development and reflects the company's dedication to their completion.
Magbanua highlighted the significance of the solar project in Tarlac, noting its distinction as one of the first large-scale floating solar projects in the country. He emphasized the dual benefits of such projects, which combine renewable energy production with aquaculture, thereby maximizing land use, bolstering food security, and strengthening local livelihoods.
For the Mindanao-based BESS project, Magbanua pointed out its importance in showcasing Alternergy's growing expertise in battery-integrated solutions. This follows the anticipated commercial operations of the company's Palau + BESS Project in 2024. Additionally, the wind projects in Tayabas North and Alegria add to Alternergy's existing portfolio, complementing the Tanay and Alabat Wind Projects slated for completion within the year.
Magbanua concluded by expressing optimism about the company's future, stating, "These are exciting times for Alternergy. We are expanding our green energy footprint and are committed to driving growth and delivering value to our shareholders."
