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Manila Bulletin devider Business devider Trade & Industry devider NexGen expresses interest in GEA-5 for its offshore wind projects

NexGen expresses interest in GEA-5 for its offshore wind projects

Published Jul 10, 2025 02:06 pm
Renewable energy (RE) firm NexGen Energy Corp. has expressed interest in participating in the fifth round of the Green Energy Auction (GEA-5) of the Department of Energy (DOE).
During the company’s annual stockholders meeting, officials said NexGen plans to register its offshore wind projects under GEA-5, noting that the technology is part of its development pipeline.
The company has about 14 RE projects in the pipeline with service contracts: two of them are solar, seven are offshore wind, and five are onshore wind sites.
Four of these projects are already in advanced stages, including Real and Mauban offshore wind farms, which have recently installed 120-meter met masts and wind instruments to confirm the wind resource potential of the sites.
Pandan onshore wind project will also have its own met mast, with site preparations for its installation currently underway.
Aside from this, NexGen is anticipating developments on its solar front, particularly in Palauig solar farm.
”The 9.9-megawatt (MW) Palauig solar farm is an expansion of the company’s existing plant in Palauig, and is set for mid-2026 operation,” NexGen said.
”With these milestones being reached, the company has registered for the government’s GEA-4 for the Palauig solar farm and plans to register for the coming GEA-5 for its offshore wind projects,” it added.
Moreover, NexGen President Eric Roxas said during the annual stockholders’ meeting that last year marked a successful initial public offering (IPO), which was conducted in July 2024. He said the IPO strengthened the company’s capital base and reaffirmed its long-term commitment to RE in the country.
Moving forward, the RE firm is in active talks with international partners to help develop and push through 14 of its pipeline projects.
”NexGen is continually in active discussions with investors from Japan, China, Europe, and the Middle East, who have expressed strong and serious interest in co-developing NexGen’s pipeline project,” Roxas said.
”Pursuing and moving our pre-development phases forward, we generate more interest in our projects as well as enhance our shareholder value,” he added.

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NexGen Energy Corp. green energy auction (GEA)
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