Airstream Renewable Corporation, a subsidiary of NexGen Energy Corporation (PSE:XG), has been granted Green Lane certifications by the Board of Investments (BOI) for four wind farm projects in Real and Mauban, Quezon. The company is estimating to invest PHP 300 billion in these projects, which include the 200 MW Pandan Labayat Wind Farm, the 2000 MW Real Offshore Wind Farm, the 300 MW Silang Maragondon Wind Farm, and the 300 MW Mauban Offshore Wind Farm.
The Green Lane certifications are part of a government initiative to promote strategic investments by streamlining the process of obtaining permits.
Eric Y. Roxas, President and CEO of XG, said, “The granting of Green Lane certifications to Airstream Renewable Corporation’s projects is a testament to the government’s confidence that we are a proactive contributor towards sustainable and inclusive national development.”
“With that being said, the critical task ahead of us is to ensure that these wind farms will start commercial operations soon — thus contributing to XG’s long-term financial growth and increased shareholder value,” he added.
Airstream Renewable Corporation has been conducting technical, environmental, and social studies, including wind resource assessments, for these projects prior to the certifications. The signing ceremony included Hannah Barroquillo, BOI Investment Specialist; Angela Sanchez, XG Vice President of Operations; Eric Y. Roxas, XG President and CEO; BOI Undersecretary Ceferino Rodolfo; BOI Executive Director Atty Bobby Fondevilla; BOI Director Ernesto Delos Reyes; BOI Division Chief Lubin De Vera Jr.; and BOI Technical Staff Renante Aberin Jr.
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