NextGen Day

Three service contracts have been won for Alternergy Holdings Corp.’s offshore wind projects over the Tablas Strait, which separates Mindoro and Antique. Alternergy Holdings Corp. is a pioneer in the country’s use of renewable energy.

The Department of Energy (DOE) awarded the wind energy service contracts for the Tablas Strait Offshore Wind Power Project to Pililla AVPC Corp. (PACO), according to a statement distributed to reporters over the weekend by Alternergy.

The projects in the Tablas Strait span over 120,000 hectares.

Our offshore wind generating projects in the Tablas Strait is situated in one of the areas that a World Bank study determined to be best suited for offshore wind development. Knud Hedeager, chief executive officer of PACO, said, “We look forward to moving forward with the pre-development work, including technical research and resource assessment.

Hedeager noted that the DOE had been rigorously reviewing the projects’ technical, legal, and financial aspects since July 2022.

Four offshore wind energy service agreements are now with PACO. The DOE granted the Calavite Passage servicing contract last year.

With their collaboration with Shell Overseas Investments B.V., Alternergy, and these offshore wind projects will be built.

On March 24, 2023, Alternergy is scheduled to list on the Philippine Stock Exchange (PSE), with the funds from its IPO going toward pipeline initiatives including offshore wind projects.

It aims to create 1,370 megawatts of renewable energy projects, including run-of-river hydro, offshore wind, solar, and wind.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---