Alternergy buys out Shell's stake in wind projects
The Philippine Star|November 11, 2024
Alternergy Holdings Corp. has acquired the 40-percent interest of its strategic partner, Shell Overseas Investment B.V., in Tablas Strait Offshore Wind Power Corp. (TSOWPC).
BRIX LELIS

Alternergy, through TSOWPC, is currently developing three offshore wind (OSW) farms covering 120,000 hectares in the Tablas Strait separating Oriental Mindoro and Antique.

The financial details of the transaction were not immediately made available.

"Alternergy is bullish on the prospect of OSW power in the Philippines, a priority of the (Marcos) administration," said Knud Hedeager, president of Alternergy Wind Holdings Corp., the wind sub-holding unit of the Alternergy group.

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