Alternergy Holdings Corporation (stock symbol: ALTER), a company that builds renewable energy power plants in the Philippines, just got a big thumbs up from its shareholders on April 8, 2026. They all agreed to let the company prepare to sell special “green” shares to raise money for future projects.
What Are Green Preferred Shares?
Think of shares like pieces of a company that people can buy. Green Preferred Shares are special pieces that help a company raise money specifically for environment-friendly projects – in this case, renewable energy like solar panels and wind turbines.
According to the company’s media release, shareholders unanimously (meaning everyone agreed) approved Alternergy’s plan to register up to 50,000,000 Green Perpetual Preferred Shares. Each share would be sold at Php100. If all shares are sold, that could raise up to Php5 billion.
What’s a Shelf Registration?
A shelf registration is like preparing food ingredients ahead of time. Alternergy is getting everything ready so that when the timing is right, they can quickly sell these shares. They can sell them all at once or in smaller batches (called “tranches”) depending on what makes sense.
Why Does Alternergy Need This Money?
Alternergy President Gerry P. Magbanua explained that the money will help fund their Green Energy Auction (GEA) awarded projects. The company won approval to build five big projects with a combined capacity of up to 500 megawatts (MW) – that’s enough to power hundreds of thousands of homes!
These five projects are spread across different parts of the Philippines:
- Liberty Floating Solar Phase A and Phase B
- Kalandagan Solar + Battery Energy Storage System (BESS)
- Alegria Wind
- Tayabas North Wind
Magbanua noted that renewable energy has become even more important because of global energy security concerns, mentioning how Middle East tensions show how risky it is to depend too much on oil and gas from other countries.
What Happens Next?
Before Alternergy can actually sell these shares to the public, they need approval from two important groups: the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). Even after getting these approvals, the company will wait for the right market conditions before selling the shares.
“We will time any issuance tactically, keeping a close eye on global macroeconomic trends and local market conditions,” Magbanua said in the release.
What Has Alternergy Been Building?
While preparing for future projects, Alternergy has been busy completing current ones. According to the release, they recently started operating two new renewable power plants:
- 28 MWp Balsik Solar Power Plant in Hermosa, Bataan
- 5 MW Dupinga Run-of-River Hydro Power Plant in Gabaldon, Nueva Ecija
They’re also almost done building two wind power projects – the 128 MW Tanay Wind and 64 MW Alabat Wind projects are about 80% complete.
About Alternergy
Alternergy is a renewable energy company listed on the Philippine Stock Exchange. They became the first company to have an Initial Public Offering (IPO) in March 2023. The company builds different types of clean energy projects including wind farms, solar farms, hydroelectric plants, and battery storage systems.
The company has set a big goal: to bring one gigawatt (1,000 megawatts) of green energy into operation by 2030. They’re working toward 500MW by 2026.
In November 2025, Alternergy became the first publicly listed company and first renewable energy developer in the Philippines to receive the Green Equity Label certification from the SEC – a special recognition for companies focused on environmentally sustainable business.
The company has also paid dividends to its preferred shareholders, including the Government Service Insurance System (GSIS), which received Php118 million in its second annual dividend payment in December 2025.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
