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Alternergy taps 3 banks to raise P12 billion for wind projects

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Renewable energy company Alternergy has tapped 3 investment banks to facilitate the raising P12 billion (about $211 million) for 2 wind projects, which is expected to be the largest financing deal of the company.

Alternergy Holdings Corp., the first IPO in Philippines in 2023, said it issued the mandate to BPI Capital, RCBC Capital, and SB Capital to finalize the terms and structure of the debt financing for the Tanay wind power project in Rizal and the Alabat wind power project in Quezon.

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