Alternergy Holdings Corporation has reported that its 128-megawatt (MW) Tanay Wind Farm and 64-MW Alabat Wind Farm have been energized and are supplying electricity to the Luzon grid, marking progress toward the completion of the company’s two major wind energy developments.

In a media release dated November 10, Alternergy said the two projects, with a combined planned capacity of 192 MW, are already generating and earning pre-commissioning revenues, with at least eight wind turbines currently supplying power to the grid. The Tanay Wind Farm in Rizal and Alabat Wind Farm in Quezon are expected to reach completion in the coming months.

Alongside the wind project milestones, Alternergy announced that its board of directors approved PHP 40 million in cash dividends for common shareholders, equivalent to PHP 0.01 per share.

The dividends will be payable on November 26, 2026, to shareholders of record as of November 20. This marks Alternergy’s second common-share dividend declaration since its initial public offering on the Philippine Stock Exchange in March 2023.

Alternergy President Gerry Magbanua said the company expects stronger financial performance as its renewable energy projects progress toward completion.

“With the upcoming completion of the Tanay and Alabat Wind Farms in the coming months, we expect more robust financials that will yield more value to our shareholders from our Triple Play portfolio,” Magbanua said.

The company also reported that its 28-megawatt-peak (MWp) Balsik Solar Power Farm in Hermosa, Bataan, and 4.6-MW Dupinga Run-of-River Hydropower Plant in Gabaldon, Nueva Ecija, commenced operations earlier this year.

The completion of Dupinga brought Alternergy’s Triple Play strategy into operation, establishing a renewable energy portfolio spanning wind, solar, and run-of-river hydropower technologies.

Alternergy is also pursuing further renewable energy expansion, having secured Department of Energy (DOE) Certificates of Award for five projects with a combined capacity of up to 500 MW under the fourth Green Energy Auction Program (GEAP 4).

The company is targeting one gigawatt of renewable energy capacity by 2030 as it continues developing its portfolio across multiple technologies.