Alternergy Gains Full Control of 3 Offshore Wind Projects in Tablas Strait

Alternergy Holdings Corp. has strengthened its foothold in the Philippines’ offshore wind market by taking over full ownership of three offshore wind projects in Tablas Strait, which lies between Mindoro and Antique. The company announced on Friday that it had acquired the remaining 40% stake from Shell Overseas Investment B.V., securing complete control of Tablas Strait 1, 2, and 3 Offshore Wind Projects.

With full ownership, Alternergy plans to accelerate the development of these wind projects, which are located in a World Bank-identified wind corridor. While the company has not specified the projects’ target capacity, Alternergy president Knud Hedeager expressed optimism, stating, “The initial study indicated the projects are viable. We will build on the results of this study and move forward with pre-development activities.”

The acquisition aligns with the Marcos administration’s push for renewable energy expansion, particularly offshore wind power. Alternergy aims to reach a 500 MW capacity by 2026, with the Tablas projects as part of its future growth pipeline.

Alternergy also highlighted recent government efforts to streamline the permitting process for offshore wind projects, as well as plans to modernize port infrastructure, such as the nearby Port of Batangas, to support logistics for energy projects.

Currently, Alternergy’s portfolio includes 11 assets across wind, solar, hydro, and battery storage, with a combined capacity of 86 MW.