Alternergy eyes P2B from maiden notes issuance for clean energy expansion

MANILA, Philippines — Alternergy Holdings Corp., a listed renewable energy company, is making its debut in the debt market to raise P2 billion, as it rolls out more clean power facilities. The company on Wednesday said its board of directors had given the go-ahead to issue green fixed-rate notes worth P2 billion. The issuance marks Alternergy’s first foray into the debt market, with the funds earmarked for investments in its clean power facilities, including solar and wind power projects. This move aligns with the Philippine government’s broader agenda to enhance energy security and address climate change, both of which heavily rely on the expansion of renewable energy sources. Alternergy aims to solidify its position in the clean energy sector through this strategic financing, which is seen as a crucial step in its ongoing business expansion.