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Wind projects secure PCC approval
Business Mirror
|March 11, 2026
ALTERNERGY Holdings Corp. (Alternergy) and ABC Energy Inc. have secured the green light from the Philippine Competition Commission (PCC) to jointly develop the 128megawatt (MW) Tanay Wind Power Project and 64 MW Alabat Wind Power Project.
The commission cleared the investment by ABC Energy Inc. (ABC Energy) of a 40-percent equity stake in Alternergy's two wind units--Alternergy Tanay Wind Corp. (ATWC) and Alabat Wind Power Corp. (AWPC). Alternergy remains majority shareholder in the two companies at 60 percent each.
"The PCC clearance affirms the partnership between Alternergy and ABC Energy as aboveboard, transparent and free of any unfair market manipulation or practices," said Gerry P. Magbanua, president of Alternergy.
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