Funding
Alternergy Allocates P26 Billion for 2027 Capex, Seeks P10 Billion in Green Bonds
By News Desk ·
Key takeaways
- Alternergy is allocating P26 billion in capital expenditures for 2027 to deploy two solar projects and one wind facility with combined potential capacity of about 320 MW.
- The board approved a shelf registration of up to P10 billion in fixed-rate green bonds, with an initial offering of up to P4 billion.
- Alternergy raised P2 billion from its maiden fixed-rate notes issuance in September 2026 and aims to reach one gigawatt of capacity by 2030.
Alternergy Holdings Corp. is allocating P26 billion in capital expenditures for 2027 to deploy two solar projects and one wind facility with combined potential capacity of about 320 MW, president Gerry Magbanua said. The Inquirer reported the plan on November 10, 2026.
Alternergy's P26 Billion Capex and Green Bond Plan
Magbanua said the group has started discussions with lenders to secure financing for the capital expenditures. The board of directors approved pursuing a shelf registration of fixed-rate green bonds worth as much as P10 billion, to be registered with the Securities and Exchange Commission and issued in tranches over five years. Alternergy is eyeing an initial offering of up to P4 billion to finance wind and solar projects that won under the government's fourth round of green energy auction, or GEA-4.
The company hopes to list the bonds on the Philippine Dealing and Exchange Corp. in the first quarter of next year. The plan comes less than two months after Alternergy raised P2 billion from its maiden fixed-rate notes issuance.
At its annual stockholders' meeting, Alternergy said it has activated four projects: the 28-MW Balsik Solar, the 4.6-MW Dupinga Run-of-River Hydro, the 64-MW Tanay Wind and the 128-MW Alabat Wind. Projects under GEA-4 would bring its portfolio to 464 MW. For fiscal year 2026, net income inched up by 2 percent to P168.2 million and consolidated revenues jumped 31 percent to P471.8 million. Alternergy also has investments in run-of-river hydro, utility-scale and commercial rooftop, and battery energy storage systems.
Alternergy's Funding Record on File
According to akta.pro company records, Alternergy has one funding round on record: a September 2026 post-IPO debt round of $31.9 million. The same records list total funding of $31.9 million and a target of more than 1 GW of renewable capacity by 2030.
| Record | Figure |
|---|---|
| Funding rounds on record | 1 |
| Post-IPO debt round (September 2026) | $31.9 million |
| Total funding | $31.9 million |
| Target capacity by 2030 | 1 GW+ |
Alternergy's Debt Market Moves Before the Capex Plan
In September 2026, Alternergy raised P2 billion from its maiden fixed-rate notes issuance, listing the notes on the Philippine Dealing & Exchange Corp., Inquirer reported. Earlier that month, the company approved issuing P2 billion in green fixed-rate notes to qualified institutional buyers, carrying a 7.75% annual rate and a 1.5-year tenor, with BDO Capital & Investment Corp. as arranger, Inquirer reported. Renewablesnow reported in September 2026 that Alternergy planned to launch its maiden green bond sale on the Philippine debt capital market, aiming to raise PHP 2 billion (USD 31.9m/EUR 27.6m), with proceeds backing its project pipeline.
Alternergy's First-Quarter Bond Listing Target
Alternergy hopes to list the green bonds on the Philippine Dealing and Exchange Corp. in the first quarter of next year, according to the Inquirer report.