Intending to provide Asia with 100% renewable energy, Singapore-based renewable energy developer Gurīn Energy Pte Ltd. is kicking off the construction of the 75-megawatt (MW) Palauig solar project in Zambales.
The $60-million project, expected to be completed by the third quarter of 2024, reached its financial close. The 80-hectare solar farm will be equipped with 136,363 ground-mounted, energy-efficient solar photovoltaic panels.
With the project aimed to generate clean energy equivalent to powering more than 35,500 homes annually, it is anticipated to contribute to a reduction of 53,100 metric tons of climate emissions each year.
The financial closing of the Palauig solar project marked a significant milestone for the energy firm in the country as it signified Gurīn Energy’s dedication to implementing concrete measures to attain 100% renewable energy in Asia.
The solar project, which was part of Gurīn Energy’s 7-gigawatt (GW) pipeline of projects across Asia, is expected to create over 550 jobs throughout its lifecycle.
