Over the next five years, the firm plans to build hydro and solar power projects which will have combined power generation capacity of 205MW.
About $600m of the total investment is planned to be used for the development of hydro power projects.
AREC intends to build a 15MW run-of-river hydroelectric plant along the Siguil River in Maasim, Sarangani as well as a 40MW hydropower project in Negros Occidental.
It also plans to build two more hydro projects in Mindanao. The projects are expected to be launched in the next couple of years.
Rappler cited Alsons business development vice-president Joseph Nocos as saying: "We have 80 to 90MW of hydro service contracts under application with the Department of Energy (DOE), which we expect the DOE to decide on within the year.
"If all of those are approved then we will end up with a total hydro portfolio of 180MW, which we hope to implement in the next five years."
Meanwhile, AREC will also develop solar projects which will have total generating capacity ranging between 20MW and 30MW, with a potential investment of nearly $45m.
The proposed solar project are planned to be built in General Santos.
Nocos added: "In the intervening period, between now and 15 years, the opportunity for generating companies is RE space.
"If we look at RE space, our main interest is hydro and solar.
"The ratio between non-RE and RE would be 75:25 in favour of non-RE. If you look at it ten years on the horizon, the ratio would probably turn out 50:50."
