Three energy firms have shown interest in partnering with Alternergy Tanay Wind Corporation, a wholly-owned subsidiary of Alternergy led by Vince Perez, for the development of the proposed Tanay wind power project in Rizal.
The companies have submitted their letters of intent, and Alternergy will review their respective proposals to select a preferred equity partner.
One of the three firms is affiliated with one of the largest energy companies in Europe, while another is a regional renewable energy company with a portfolio of wind and solar projects in the Asia Pacific region. The third company is a major domestic energy player and part of a large Philippine conglomerate.
The Tanay wind power project is a shovel-ready project with major permits already obtained, and it has completed several technical studies, including logistics, environmental, and energy assessments.
The Civil Aviation Authority of the Philippines has also approved its height clearance.
Alternergy plans to develop additional wind, offshore wind, solar, and run of river hydro projects, with up to 1,370 megawatts of capacity.
Funding for these projects will come from the proceeds of Alternergy’s initial public offering.