NexGen Energy (NXE) Reported its Development Pipeline

NexGen Energy Ltd. (NYSE:NXE) is one of the Best Stocks Under $10 With Biggest Upside Potential. 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.

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.

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Disclosure: None. This article is originally published at Insider Monkey.