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Alternergy Holdings Corporation (Alternergy), a pioneering renewable energy developer, has partnered with K2 Management (K2M) to facilitate the development and construction of two onshore wind power projects in the Philippines. The Tanay Wind Project in Rizal and the Alabat Wind Project in Quezon mark a significant step toward the country’s clean energy transition.
As the Philippines accelerates its renewable energy ambitions, the development of onshore wind projects presents unique challenges, including regulatory requirements, financing complexities, and the need for world-class technical expertise. To ensure successful project execution, Alternergy sought an experienced Owner’s Engineer (OE) to oversee procurement, construction management, design reviews, site management, and quality control.
Following a competitive selection process involving six firms, K2 Management was appointed as the Owner’s Engineer for the Tanay and Alabat Wind Projects. With its global experience in wind energy and deep understanding of the Asia Pacific market, K2M is set to provide expert guidance in:
Procurement and multi-contracting framework support
Construction and project management
Design reviews and technical advisory
Site supervision and quality control
Scott Hsu, Country Director - Taiwan and Philippines at K2M:
“We are thrilled to be part of Alternergy’s work in the Philippines. By leveraging our international consultants and local expertise, we are well-positioned to ensure the successful development and construction of these projects. We know what needs to be done, and we deliver.”
Patrick Architta, President – Asia Pacific for K2M:
“We’ve seen a remarkable surge in solar energy in the Philippines, and now, the onshore wind sector is taking off. This partnership between Alternergy’s strong development capabilities and K2M’s expertise is a promising step in the growth of wind energy in the region.”
With support from K2M, Alternergy has been able to accelerate the development of both projects, securing crucial financing to move forward. The projects successfully won under the Green Energy Auction 2 (GEA 2) for an offtake market, further reinforcing their viability.
Alternergy has undertaken multiple corporate finance activities to raise Php12 billion for these wind projects, working with investment banks BPI Capital, RCBC Capital, and SB Capital as lead arrangers. Additionally, an agreement was signed with GSIS for Php1.45 billion in Perpetual Preferred Shares 2 Series A under a private placement, providing further financial stability.