BusinessWorld Online
NexGen unit plans $2.5-B wind farm investment
NexGen Energy Corp. is investing approximately $2.5 billion to develop three large-scale onshore wind projects in the Philippines through its subsidiary, Airstream Renewables Corp.
These projects have a combined potential capacity of 1.7 gigawatts and have secured three wind service contracts from the Department of Energy.
The wind farms will be located in Pangasinan (600 MW), Samar (600 MW), and Nueva Ecija (500 MW).
The Pangasinan project covers 13,770 hectares and will connect to the NGCP's Labrador substation via an eight-kilometer transmission line.
The Samar project spans 16,929 hectares and will be linked to the grid via NGCP's Victoria Substation.
The Nueva Ecija project covers 9,234 hectares and will transmit its output to NGCP's Sampaloc Substation.
NexGen president Eric Roxas stated that these projects significantly advance the company's growth strategy and position Airstream Renewables as one of the most competitive large-scale wind developers in the Philippines.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
