NexGen in ‘active’ talks with foreign investors
NexGen Energy Corp. is in “active” talks with potential foreign investors for its renewable energy portfolio expansion.
According to its president Eric Roxas, the group has drawn growing interest from investors in Japan, China, Europe, and the Middle East.
“[They] have expressed strong and serious interest in co-developing NexGen’s pipeline project,” he was quoted as saying in a statement Thursday.
“Pursuing and moving our pre-development phases forward, we generate more interest in our projects as well as enhance our shareholder value,” the official added.
At its annual stockholders’ meeting earlier this week, Roxas highlighted the company’s long-term growth plan involving 14 renewable developments. These include two solar projects, seven offshore wind projects, and five onshore wind farms.
These projects, he noted, have secured service contracts from the government.
About four of them are already in “advanced stages.” Examples are the 9.9-megawatt (MW) Palauig solar facility expansion and the Real and Mauban offshore wind park.
The executive said NexGen would participate in the government’s green energy auction rounds 4 and 5. These would focus on solar energy coupled with battery systems, and offshore wind projects, respectively.
Last April, NexGen said it secured a green lane status for its four wind projects worth P300 billion.
These include the 200-MW Pandan Labayat project, 2,000-MW Real offshore project, 300-MW Silang Maragondon project, and 300-MW Mauban offshore project.
