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BusinessWorld: Singaporean RE developer eyes $300-M investment in Philippines

By Sheldeen Joy Talavera, Reporter

Manila, Monday, 17 February 2025 – Gurīn Energy, a Singapore-headquartered renewable energy developer, owner and operator, today announced the completion of its 75 megawatt (MW) solar plant in the Philippines, its first operational project in the country.

Singapore-based renewable energy developer Gurīn Energy plans a major investment in Philippines renewable energy, with around $300 million allocated to develop 1GW of projects over the next two to three years.

“We finance our projects, generally with local banks. We have a very good partnership with a number of Filipino banks. [For a] gigawatt, we would probably be investing around $300 million,” Gurīn Energy Chief Operating Officer Robert Driscoll told BusinessWorld on the sidelines of the blessing ceremony for its 75-megawatt (MW) Palauig Solar Power Project in Zambales on Friday.

Last week, the company held a blessing ceremony for its first operational project in the Philippines, valued at $60 million (approximately P3.5 billion).

Read the full article on BusinessWorld Online.