Alternergy Holdings Corporation, through its wholly-owned subsidiary Pililla AVPC Corporation, (“PACO is hereafter referred to as Alternergy”) and Shell Overseas Investment B.V. (“Shell”) formally announced the agreements that both parties have recently entered into a partnership to jointly explore the vast offshore wind potential in the Philippines.

The partnership of Alternergy and Shell has obtained a Wind Energy Service Contract (WESC) from the Department of Energy (DoE) to assess the feasibility of an offshore wind project in the wind-swept Calavite Passage near Mindoro.

Alternergy chairman and former Energy Secretary Vince Pérez said: “This is a partnership of combined competencies and experiences towards the goal of boosting the Philippines’ renewable energy target.”

“The Philippines’ offshore wind industry is promising and still at its nascent stage. The World Bank estimates that robust development of offshore wind could add 20 GW of installed capacity by 2040, accounting for 14 percent of the Philippines’ electricity needs and some USD 14 billion of value added to the economy. Shell, as our strategic partner with 50 years of deep water offshore and over 20 years of offshore wind development experience, will bring in its global track record, supply chain access, and technical expertise in developing large-scale bottom-fixed and floating offshore wind projects. Alternergy looks forward to working with Shell and jointly shaping with stakeholders the policies for a sustainable offshore wind industry in the Philippines,” Mr. Pérez added.

“The Philippines is moving towards a low-carbon future and offshore wind is well positioned to support this energy transition. As Shell has powered progress for the Philippines for over 100 years, we will continue to support the country by providing more and cleaner energy solutions to meet the needs of our consumers today and in the decades to come,” said Lorelie Q. Osial, Country Chair of the Shell companies in the Philippines.

“Alternergy is a pioneer in renewable energy and has successfully brought onstream the Philippines’ first onshore wind farm even before there was any enabling law. Shell looks forward to this new partnership to jointly explore the feasibility of one of the Philippines’ promising offshore wind projects,” said Sarah Rose Lim, Shell’s Head of Offshore Power for the Philippines.

Aside from the Calavite Passage Wind Power Project, Alternergy and Shell are looking at other offshore wind sites for possible development.

This partnership is an opportunity to provide integrated value to customers through power generation as well as explore synergies with retail electricity supplier Shell Energy Philippines, Inc. and Green Energy Supply Solutions, Inc.

About Alternergy

• Alternergy is a renewable power pioneer with a solid portfolio of project companies engaged in different RE projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage, and offshore wind projects.
• With robust expansion plans in the next five years, Alternergy aims to develop up to 1,370 MW of additional wind, offshore wind, solar, and run-of-river hydro projects.
• Alternergy’s management team is comprised of a pioneering group of RE advocates who were also involved in the development of the 33MW Bangui Bay wind farm in Ilocos Norte, the first commercial wind farm in Southeast Asia at that time.
• Alternergy also developed the 54MW Pililla Wind Farm in Rizal, the first non-recourse project financing for a wind project without corporate guarantee, and was recognized with a Sustainable Finance Award by the International Finance Corporation.
• For additional information, please refer to our website at alternergy.com.

About Shell

• Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible.
• Shell’s global reach, combined with 100+ years of global energy market experience and deeply embedded capabilities position it well to offer integrated decarbonization solutions for its customers in progressing through the energy transition.
• Renewable Generation is the driving force behind the development of Shell’s integrated power value chain, developing and deploying onshore and offshore wind, solar, and batteries to produce electricity, which Shell can aggregate, trade and market directly to customers.
• Shell’s strength as a developer, particularly in offshore wind, has been built through practical experience and expertise development, including more than 100 years in global energy markets, 50 years in deep water offshore, and over 20 years in offshore wind development. We complement our experience, technology, and project development capabilities with the acquisition of innovative renewable energy companies that offer unique portfolio positions, talent, and deeper market expertise.
• Today, Shell has more than 2.2 gigawatts (GW) of offshore wind capacity in operation and under construction, and 9.5 GW in the funnel of potential projects across North America, Europe, the UK, and Asia (Shell equity). Shell’s offshore wind project pipeline ranges from conventional bottom-fixed offshore wind developments to floating wind, and from wind-power to hydrogen developments to multi-technology projects combining offshore wind with floating solar and batteries.

Shell in the Philippines

• Shell companies in the Philippines (SciP) represents various entities operating in the following: (1) Downstream business through Pilipinas Shell Petroleum Corporation or PSPC, (2) Business Operations through our SBO Manila centre, and, more recently, (3) in power trading and marketing through Shell Energy Philippines, Inc.
• Commencing its operations in 1914, SciP has grown to be one of the Philippines’ largest investors, directly employing over 4,000 people nationwide.