Morrison, an infrastructure investment firm, is considering exploring opportunities in the Philippines’ renewable energy sector.
In a report by Business World, Morrison CEO Paul Newfield said that their teams would capitalize on their expertise in renewable energy development to collaborate with stakeholders, government authorities, and communities in the Philippines.
Teaming up with government authorities and stakeholders would aid the firm in maneuvering regulatory challenges, strengthening infrastructure reliability, and observing strict guidelines for social, governance, and environmental standards.
Newfield also stressed that Morrison is dedicated to taking part in advancing renewable energy solutions that align with the Philippines’ goals.
Morrison said that it had invested in the 75-megawatt (MW) Palauig solar power plant situated in Zambales. This project is expected to be fully operational by the third quarter of 2024.
Aside from that, Morrison also invested in the Capas project, a solar farm with a capacity of 39 MW.
These projects are being developed by Gurīn Energy, a Singaporean firm owned by Infratil, a listed infrastructure firm of Morrison.
Infratil’s investment in Gurīn Energy would aid in bolstering the sustainable growth of the country’s energy sector while guaranteeing it paralleled national objectives and community priorities.
Currently, firms directed by Morrison have 4.4 GW of renewable energy and storage under their belts and are working on over 50 GW of projects in Australia, Asia, Europe, and North America.
