Manila, March 27 -- Alternergy Holding Corp. has secured a Certificate of Authority (COA) from the Department of Energy (DOE) to develop a new onshore wind power project in the province of Albay.

Alternergy said in a statement Thursday that its unit Alternergy Wind Holdings Corp. (AWHC) would have the exclusive authority to undertake exploration and assessment of wind resources for the Albay Wind Power Project.

"Alternergy is pleased to receive the DOE's approval to develop another wind project in Luzon," AWHC president Knud Hedeager said.

"The COA framework is a landmark policy initiative by the current DOE under Energy Secretary Raphael Lotilla. It supports developers from the onset, thereby helping mitigate project risks and enhance...