Gurīn Energy to invest $300M in Philippine renewables

Singapore-based Gurīn Energy is set to invest $300 million (approximately P17 billion) in the Philippines to develop 1 GW of renewable energy projects over the next two to three years. Chief Operating Officer Robert Driscoll announced the investment plans during the blessing ceremony for the company’s first operational project in the country, the 75 MW Palauig Solar Power Project in Zambales. The project, which was developed with a $60 million investment, has now been completed. Gurīn Energy has primarily secured project financing through local banks and has built strong partnerships with Filipino financial institutions to support its expansion in the country.