Gurin Energy Reaches Financial Close on 75-MW Solar Project

• Gurin Energy Pte Ltd reaches financial close on 75-MW solar project, set to provide clean energy to 35,500 homes in the Philippines beginning in 2024. Join the green energy trading corridor between Indonesia and Singapore with 2 GW of renewable energy.

Gurin Energy Pte Ltd has reached financial closing on a 75-MW solar project in Palauig, Zambales province in the Philippines. The USD-60-million project is expected to begin construction in mid-December and is set to be operational in the third quarter of 2024. It will cover an area of 80 hectares and be mounted with up to 136,363 panels, providing electricity to more than 35,500 homes yearly. The project is part of Gurin's 7-GW pipeline of projects in Asia, which includes a 300 MW project in Indonesia that was conditionally approved in September. This project will create a green energy trading corridor between Indonesia and Singapore with 2 GW of clean energy, contributing to both countries' renewable energy goals.

How Will Gurin's 75 MW Solar Project Impact Palauig?

• The 75 MW solar project in Palauig, Zambales province is designed to provide electricity to more than 35,500 households annually
• The project is estimated to cover an area of 80 hectares and will be mounted with up to 136,363 panels
• The project is part of Gurin's 7-GW pipeline of projects in Asia, contributing to both Indonesia and Singapore's renewable energy goals
• The project is expected to create dozens of jobs in the area and provide economic growth opportunities for local businesses
• The project will also reduce the amount of carbon emissions released into the atmosphere, helping to combat the effects of climate change
• The project is expected to be operational by the third quarter of 2024, and will ultimately help to modernize the energy infrastructure of Palauig.