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Manila Bulletin devider Business devider Trade & Industry devider SEC clears Alternergy's ₱5-billion green share shelf program

SEC clears Alternergy's ₱5-billion green share shelf program

Published Mar 11, 2026 04:14 pm
Alternergy Holdings Corp. received regulatory approval to raise as much as ₱5 billion through a shelf registration of preferred shares, providing the renewable energy developer with a multi-year capital buffer to finance its expansion into wind and solar power.
The Securities and Exchange Commission approved the registration of up to 50 million Green Perpetual Preferred Shares, according to a company statement on Wednesday, March 11.
Under the shelf framework, Alternergy may issue the securities in several tranches over the next five years, allowing the firm to tap the debt and equity markets when conditions are most favorable. The shares are expected to be priced at ₱100 apiece.
Gerry P. Magbanua, Alternergy president, said the decision to opt for a shelf registration rather than a one-time public offering offers the company crucial flexibility amid a shifting macroeconomic landscape.
He noted that the board moved toward this structure to navigate market volatility stemming from geopolitical tensions in the Middle East, which has weighed on investor sentiment across emerging markets.
The capital injection is earmarked for a fresh pipeline of projects following the company’s success in the government’s green energy procurement program.
Alternergy plans to deploy the proceeds to develop five specific installations that won contracts under the fourth round of the Green Energy Auction, known as GEA-4, scheduled for 2025. This portfolio includes the Liberty floating solar phases A and B, the Kalandagan solar and battery energy storage system, and the Alegria and Tayabas North wind farms.
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