ALTERNERGY Holdings Corp., through its unit Alabat Wind Power Corp. (AWPC) has signed a long-term lease with the Philippine National Railways (PNR) for a parcel of property located in Barangay Hondagua in Lopez, Quezon.
The parties in a statement on Tuesday said AWPC secured the location that will be utilized for the switching station of the Alabat wind power project.
“PNR is honored to support the development of the Alabat wind power project. Our collaboration with Alternergy supports the government’s renewable energy targets and is in line with PNR’s sustainability goals,” said Deovanni Miranda, PNR general manager.
Gerry Magbanua, Alternergy president, said the agreement with PNR is timely as the construction of the Alabat wind power project is running at full speed.
The 64 megawatts (MW) Alabat wind power project is eyed to be the first wind project in the province and is expected to be completed by end-2025.
Alternergy targets to achieve a portfolio of 500 MW worth of RE by 2026. The company’s RE portfolio is at 86 MW.
