Alternergy Holdings Corp. and other firms in the Philippine Energy & Utilities sector have secured significant funding through various loans, underscoring a growing focus on renewable energy and infrastructure improvements.

Information on the Target

Alternergy Holdings Corp., a prominent player in the renewable energy sector in the Philippines, is actively expanding its capacity through significant funding efforts. The company recently secured a PHP2 billion green corporate loan from BDO Unibank, aimed at financing various renewable energy projects. Additionally, Alternergy’s subsidiary, Alternergy Tanay Wind Corp., obtained an PHP8 billion loan from local banks for the development of a 112-megawatt wind project in Rizal province, reflecting its commitment to sustainable energy solutions.

In the utilities sector, notable transactions include the sale of a significant stake in Manila Water Company by Ayala Corp. to Trident Water Company, owned by billionaire Enrique Razon, for approximately USD252 million. This acquisition underscores the increasing interest in utility firms amidst the growing demand for water services in the Philippines.

Industry Overview in the Philippines

The Energy & Utilities sector in the Philippines has witnessed remarkable growth and investment activity, with total deal volumes reaching USD763.8 million in the latest month. The emphasis o