NexGen’s wind farm P146-B investment  

Airstream Renewables Corp., a subsidiary of listed NexGen Energy Corp., is allocating $2.5 billion (P146 billion) to develop onshore wind farms with a total capacity of 1.7 gigawatts (GW).

The move follows the award of three wind energy service contracts from the Department of Energy (DoE), NexGen said.

The wind projects include a 600-megawatt (MW) Pangasinan wind farm, a 600-MW Samar wind farm, and a 500-MW Nueva Ecija wind farm.

The new wind energy service contracts will materially strengthen the company’s development pipeline, said NexGen President Eric Peter Roxas.

The Pangasinan Onshore Wind Project covers a land area of 13,770 hectares and will deliver electricity through the 230-kilovolt (kV) Labrador Substation of the National Grid Corp. of the Philippines (NGCP).

Spanning 16,929 hectares, the Samar Onshore Wind Project will be linked to the grid via NGCP’s 138-kV Victoria Substation.

The Nueva Ecija Onshore Wind Project covers 9,234 hectares and will transmit its output to NGCP’s 230-kV Sampaloc Substation.

Roxas added the three new onshore wind projects position the company as “one of the most competitive large-scale wind developers in the country.”

Airstream owns, develops, and operates all wind energy projects of NexGen. It currently holds eight service contracts, with a pipeline of over 3 GW of onshore and offshore wind projects.

NexGen is a wholly owned subsidiary of Pure Energy Holdings Corp., which has a development pipeline totaling over 3.3 GW of wind and solar projects.

Nexgen’s growth may be traced to the firm’s disciplined execution, capital efficiency, and building high-quality renewable assets that will deliver strong returns for years to come.