Gurīn Energy completes 75 MW solar plant in Philippines

With 136,363 panels, Gurīn Energy’s newly completed 75 MW solar plant in Palauig, Zambales, spans 80 hectares and reduces emissions by 53,100 metric tons annually.

By Karthik Srivasthav G 17 Feb 2025 in Project Bytes Market Bytes

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AboitizPower has secured the offtake agreement for the Palauig solar project, ensuring stable supply for commercial and industrial users. Image Source: Gurin Energy

Gurīn Energy, headquartered in Singapore, has completed its first operational solar project in the Philippines, a 75 MW plant in Palauig, Zambales. The solar facility spans 80 hectares and consists of 136,363 ground-mounted PV panels. The plant is expected to generate clean electricity while avoiding 53,100 metric tons of carbon emissions annually. Shizen Inc, a fully-owned subsidiary of Gurīn Energy, owns the project. UnionBank of the Philippines served as the sole financier, while Aboitiz Power Corporation secured the offtake agreement through its retail electricity units, Adventenergy Inc and Adventpower Inc. These initiatives align with the Philippines' goal of achieving 35% renewable energy in the power mix by 2030.

#Philippines #GurīnEnergy #ABOITIZPower #UnionBank

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