My first guess would be a failing bearing on one of the 2 accessory belt idler/tensioner pulleys. Or maybe the alternator bushings are worn out.
To test this guess, you could remove one or both belts, run the engine for a short time, and see if the noise stops.
(Don't run the engine for more than a minute without the water pump belt, or it will overheat, though I expect you know this. And to remove the belts, loosen the 17mm locknut in the centre of the idler/tensioner pully, then turn the 10mm bolt counterclockwise, though I expect you know this too.)
To test this guess, you could remove one or both belts, run the engine for a short time, and see if the noise stops.
(Don't run the engine for more than a minute without the water pump belt, or it will overheat, though I expect you know this. And to remove the belts, loosen the 17mm locknut in the centre of the idler/tensioner pully, then turn the 10mm bolt counterclockwise, though I expect you know this too.)