Singapore-based Gurīn Energy will develop its 75 MW solar farm in Palauig, Philippines at an investment of USD60 million. The farm will span 80 hectares in area and will integrate 136,363 ground-mounted and solar photovoltaic (PV) panels. Construction works are expected to commence by Q3 2024.
The project is jointly financed by the Union Bank of the Philippines and various national, provincial, and municipal authorities.
The farm aims to provide clean, zero-emission electricity and will power more than 35,500 homes annually. Additionally, it will eliminate 53,100 metric tons of carbon emissions annually and remove 11,500 combustion-engine cars from the roads annually.