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The Philippine Competition Commission (PCC) approved ABC Energy Inc.'s 40% investment in Alternergy Holdings Corp.'s Tanay (128 MW) and Alabat (64 MW) wind power projects for P2.4 billion. Alternergy will hold a 60% majority stake in both subsidiaries.

The wind projects, currently in advanced construction, are expected to be completed this year. This investment supports Alternergy's expansion of its renewable energy portfolio to 1,000 MW by 2030. ABC Energy's move follows its exit from coal power investments.