Latest news with #windprojects
Yahoo
15-07-2025
- Business
- Yahoo
NexGen Energy (NXE) Reported its Development Pipeline
NexGen Energy Ltd. (NYSE:NXE) is one of the . On July 7, NexGen Energy Ltd. (NYSE:NXE) held its Annual Stockholders' meeting. The company reported a development pipeline of 14 renewable energy projects consisting of 2 solar farms, 7 offshore wind projects, and 5 onshore wind projects, all secured with awarded service contracts. Management of NexGen Energy Ltd. (NYSE:NXE) noted that 2024 was a foundational year marked by its successful IPO in July 2024, which strengthened its capital base and reinforced its commitment to renewable energy leadership in the Philippines. Its four projects are in advanced stages, including the 9.9 MW Palauig Solar Farm expansion, expected to begin operations by mid-2026. NexGen Energy Ltd. (NYSE:NXE) is also progressing its wind projects and has installed 120-meter meteorological masts with multi-height wind instruments at the Real and Mauban Offshore Wind site. A miner in a hard hat and apron holding a piece of uranium ore in the Athabasca Basin, Saskatchewan. Moreover, the company is also actively engaging international investors from Japan, China, Europe, and the Middle East. The company's wind projects have also received green lane certifications, which expedite permit approvals, for large-scale projects totaling 2,800 MW in Quezon province. NexGen Energy Ltd. (NYSE:NXE) is a Canadian company focused on the exploration and development of high-grade uranium properties. While we acknowledge the potential of NXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Arabian Business
14-07-2025
- Business
- Arabian Business
Saudi Power Procurement Company to buy $8.3 billion worth clean energy
In one of the largest capacity globally signed for renewable energy projects in a single phase, Saudi Power Procurement Company has signed Power Purchase Agreements (PPA) for 15GW from seven new solar photovoltaic and wind projects at a total investment of over SAR 31 billion (US$8.3 billion). The agreements were made under the National Renewable Energy Program (NREP), which is supervised by the Saudi Arabian Ministry of Energy. In the presence of the Minister of Energy, the Saudi Power Procurement Company (Principal Buyer) signs Power Purchase Agreements (PPAs) for 7 new solar PV and wind projects, with a total capacity of 15,000 MW. — وزارة الطاقة (@MoEnergy_Saudi) July 13, 2025 Saudi Arabia signs 15GW renewable energy deal The involved parties included ACWA Power as the main developer, in partnership with the Water and Electricity Holding Company (Badeel), which is owned by the Public Investment Fund, and Aramco Power, owned by Saudi Aramco. These agreements confirm the Kingdom's continued efforts in developing renewable energy infrastructure and achieving globally competitive costs of electricity production per kilowatt-hour. Photovoltaic solar projects include, the Bisha Project in Aseer region, with a capacity of 3,000MW and a levelised cost of energy (LCOE) of US$0.01289/kWh; and another 3,000MW from the Humaij Project in Madinah region with an LCOE of US$0.049/kWh. Khulis Project in Makkah region, Afif 1 Project in Riyadh region, and the Afif 2 Project in Riyadh Region will provide a capacity of 2,000MW with an LCOE ranging from US$0.051/kWh to US$0.0723/kWh. Wind energy projects include the Starah Project in Riyadh region, with a capacity of 2,000MW and an LCOE of US$0.0205/kWh, and the Shaqra Project, also in Riyadh region, with a capacity of 1,000 MW and an LCOE of US$0.0186/kWh. Saudi Power Procurement Company is responsible for preparing feasibility studies, tendering electricity generation projects, and signing power purchase agreements with developer consortia. To date, the company has launched renewable electricity generation projects with a total capacity of 43,213MW. Of these, power purchase agreements have been signed for projects with a total capacity of 38,713MW, while 10,213MW have already been connected to the grid. The capacity connected to the grid is expected to reach 12,713MW by the end of 2025, and 20,013MW by the end of 2026.
