A Brown Completes $41 Million Investment in Alternergy Wind Projects

A Brown Company, Inc. has successfully completed its ₱2.3 billion ($41 million) investment in two wind farm projects developed by Alternergy Holdings Corp. in Rizal and Quezon provinces. This investment grants A Brown a 40% equity stake in each project, specifically through its subsidiary, ABC Energy Inc.

The transaction was finalized ahead of schedule, as A Brown opted to conclude its investment prior to the commencement of commercial operations for both projects. The Philippine Competition Commission had previously approved the deal.

“Their decision to complete the investment ahead of commercial operations of both projects underscores their confidence in Alternergy’s renewable energy platform and long-term growth strategy.”Gerry P. Magbanua, President, Alternergy

Alternergy retains a 60% majority stake and management control of both the Alternergy Tanay Wind Corp. and Alabat Wind Power Corp. The company aims to ensure continued leadership in the development and operation of these renewable energy projects, as stated by Alternergy President Gerry P. Magbanua.

Mr. Magbanua emphasized the significance of this partnership, stating that A Brown's decision to invest before the projects become operational underscores their confidence in Alternergy's renewable energy platform and long-term growth strategy.

According to Alternergy, the 128-megawatt (MW) Tanay Wind Power Project is currently 89% complete and is expected to begin commercial operations in October 2026. Meanwhile, the 64-MW Alabat Wind Power Project is 83% complete and remains on track for its operational launch.

“We are honored to partner with Alternergy in advancing projects that will help build an energy future that is cleaner, more secure and more sustainable for every Filipino.”Walter W. Brown, Chairman Emeritus, A Brown

Walter W. Brown, Chairman Emeritus of A Brown, expressed pride in partnering with Alternergy, stating that their investment in Alternergy’s wind projects is rooted in the philosophy of advancing projects that contribute to a cleaner and more sustainable energy future for the Philippines.

As the Philippines continues to explore and expand its renewable energy capabilities, this partnership is seen as a pivotal development in the country's energy landscape.