RENEWABLE energy firm Alternergy Holdings Corp. (Alternergy) has signed a green loan with BDO Unibank Inc. (BDO) to fund projects under development.

In a disclosure, the firm said that the P2-billion omnibus loan and security agreement with BDO was inked on Wednesday.

"This marks the first issuance of our green corporate loan facility under Alternergy's green finance framework," company president Gerry Magbanua said.

"BDO has been a longtime partner to Alternergy over the years in building our portfolio as a pure-play renewable company," he added.

BDO Capital and Investment Corp. acted as lead arranger. Romulo Law was the lender's counsel and MVGS Law took on the role for the borrower.

Alternergy said the P2-billion loan was part of a capital funding strategy for the construction of its renewable power projects, particularly the Tanay and Alabat wind power facilities in the provinces of Rizal and Quezon, respectively, and the Solana solar power development in Hermosa, Bataan.

The three power projects are expected to add up to 204 megawatts of new capacity by end-2025 and also help address the country's power supply constraints.

Alternergy's share price fell by a centavo to close at P0.67 on Thursday.