Singapore-based Gurīn Energy is ramping up its renewable energy footprint in the Philippines, announcing a $300 million (approximately P17 billion) investment to develop 1 gigawatt (GW) of solar and wind projects. The company’s first project, the 75-MW Palauig Solar Power Project in Zambales, is expected to supply clean energy while reducing 53,100 metric tons of carbon emissions annually.
In an interview with Business World, Gurīn Energy Chief Operating Officer Robert Driscoll explained that the company will finance its projects primarily through partnerships with local banks.
Driscoll added that the investment is driven by the Philippine government’s strong support for renewable energy through the Renewable Portfolio Standards (RPS). The policy requires power distributors to source a portion of their supply from renewable sources, helping reduce the country’s reliance on fossil fuels.
The Gurīn COO also explained the importance of renewable energy in addressing the climate crisis, especially in vulnerable countries like the Philippines, which faces extreme weather events such as stronger typhoons and severe flooding.
The firm began its renewable energy efforts in the Philippines with the blessing ceremony of its 75-megawatt (MW) Palauig Solar Power Project in Zambales.
The Palauig solar farm, Gurĭn Energy’s first operational project in the Philippines, is valued at SGD 60 million or approximately P3.5 billion. It features 136,363 ground-mounted, energy-efficient solar panels capable of offsetting 53,100 metric tons of carbon emissions annually.
The company kicked off its solar project in early 2024 and began testing in December. Full commercial operations are targeted for the first quarter of 2025, contingent on securing the final permit.
The company has a 7-GW portfolio of solar, wind, and energy storage projects across Indonesia, Singapore, Thailand, South Korea, Japan, and the Philippines.
Gurĭn Energy’s investment is expected to contribute significantly to the country’s renewable energy goals while supporting long-term energy security.
As the climate crisis worsens, should more companies follow Gurĭn Energy’s lead in investing in renewable energy? Share your thoughts with us at Power Philippines.
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