Alternergy Holdings Corporation has secured USD24.5 million in funding from Bank of the Philippine Islands and security bank for the Tanay wind power project in the Philippines.
The funding was raised through its subsidiary, Alternergy Tanay Wind Corporation and marks the third drawdown under the financing agreement for USD 85.8 million. The project recently received its first shipment of wind turbine generators at Dinahacan port I in Infanta, Quezon. It includes twelve 90-metre blades and other key components. The next shipment is expected to arrive in August 2025.