The Palauig Solar Power Plant is Gurin Energy’s first announced project in the Philippines and
will power more than 35,500 homes when completed in 2024.
Gurin Energy, a Singapore-based pan-Asian
renewable energy developer, owner and operator, announced the financial close for
its 75 megawatt (MW) solar farm in the Philippines. Located in the municipality of Palauig,
Zambales Province, the 80-hectare farm will deploy up to 136,363 ground-mounted, energyefficient solar photovoltaic panels.
Initial on-site preparatory work began earlier in 2023 and groundbreaking will take place in
the middle of this month, with commissioning expected in Q3 2024. The project will create
more than 550 jobs throughout the project lifecycle.
Once operational, the solar farm will produce enough clean and zero-emission electricity to
power more than 35,500 homes each year and avoid 53,100 metric tons of climate-changing
emissions annually, which is equivalent to taking 11,500 combustion-engine cars off the road
per year. Today’s announcement demonstrates Gurin Energy’s commitment to its mission of
taking tangible action to move Asia to 100% renewable energy, which is critical to fighting
Reden Garcia Rodriguez, Country Manager – Philippines at Gurin Energy, said: “We are
pleased to have achieved financial close for our 75MW solar farm, a milestone for Gurin
Energy in the Philippines. We are grateful to all our partners, our lender Union Bank of the
Philippines, and to the national, provincial and municipal authorities for their confidence and
The financial close, achieved through a robust partnership approach and exhaustive
investment process, will lead to a total investment of USD 60 million.
The Palauig Solar Power Plant is the first of Gurin Energy’s solar projects in the Philippines to
achieve financial close, and part of the company’s growing 7-gigawatt pipeline of projects