Listed NexGen Energy Corporation is looking to pursue renewable energy (RE) service contracts from the government's pool of nearly 18-gigawatt (GW) concluded deals.
“The move by the Department of Energy (DOE) to free up this capacity is very exciting for us as well. It means there is a lot more capacity available to developers, serious developers can bid on those capacities for the GEA (Green Energy Auction). I'm really looking forward to it,” NexGen Vice President of Operations Angela B. Sanchez told reporters last week.
He said the government's decision to allow affidavits of ownership rights instead of firm tenancy rights for GEA-winning projects has created uncertainty over whether awarded projects will actually go ahead.
“That in itself, you really question whether these projects are actually happening if it's still an affidavit. We, who are very serious in development, we are very serious in delivering projects, we started to question why all of a sudden this is acceptable when in fact we have to abide by the tenancy rights first,” she said.
The DOE reported that a total of 163 contracts were terminated and abandoned over the past two years, equivalent to approximately 18 GW of potential capacity.
These contracts cover a variety of renewable energy technologies including solar, hydropower, wind, geothermal and biomass.
NexGen Dexter is a wholly owned subsidiary of TU's Pure Energy Holdings Corp., which has a development pipeline of wind and solar projects totaling more than 3.5 GW.
For 2026, Ms. Sanchez said the company is preparing to energize two solar projects in Luzon and Mindanao with a combined capacity of 24 MW.
He said, “Most of the projects of our group are on hydropower in remote areas, remote areas. We are not just a business. Effectively, we are contributing to rural electrification when we are connected or embedded in the grid of the distribution utility.”
In the wind sector, NexGen currently has 15 service contracts and is preparing to install three meteorological masts to assess wind conditions and confirm the feasibility of sites for power generation.
Ms. Sanchez said the company has not yet set a specific target for capacity, instead focusing on completing its committed projects.
“What we're focused on a lot is really moving projects forward rather than anticipating them and maybe not being able to accomplish them. So, our focus is really just to keep moving forward and accomplish what's required of us.” Maas nakatuon kami du sa (We are more focused on operationalizing those projects),” she said. Sheldin Joy Talavera