Singapore's Gurin Energy Acquires EDP Renewables' Wind and Solar Projects in South Korea

Solar power project by Green Energy in Singapore. Green Energy

Singapore-based renewable energy company Gurin Energy announced on October 29 that it had acquired the wind and solar project portfolio of EDP Renewables Asia Pacific (EDP Renewables APAC) in South Korea on October 24.

The total generation capacity of the acquired projects amounts to 303 megawatts (MW). With this acquisition, the size of Gurin Energy’s portfolio under development in South Korea has doubled to over 600 MW.

Gurin Energy stated, "These projects, once completed, will contribute to achieving the government’s 2030 renewable energy targets and support the country’s efforts toward carbon neutrality."

With this acquisition, Gurin Energy plans to further strengthen its renewable energy business in South Korea. Last month, Gurin Energy opened a second office in Seoul to support its Korean headquarters located in Gwangju.

Yeom Seongoh, Head of Gurin Energy Seoul, said, "We are delighted to significantly expand our presence in South Korea through the acquisition of EDP Renewables APAC’s Korean portfolio. This achievement demonstrates our confidence in South Korea’s potential to lead the clean energy transition in Asia."

He added, "We will work closely with our partners, Korean regulatory authorities, and local communities to ensure these projects deliver sustainable value and contribute to building a more sustainable future for South Korea."

Gurin Energy is a renewable energy developer headquartered in Singapore. The company employs approximately 100 people across North Asia and Southeast Asia, focusing on the development, ownership, and operation of solar, wind, and battery energy storage system (BESS) assets. Gurin Energy is backed by infrastructure investment company Infratil Ltd. Currently, Gurin Energy is developing 9 gigawatts (GW) of solar, wind, and energy storage projects in South Korea, Indonesia, Singapore, Malaysia, Thailand, the Philippines, and Japan.

This content was produced with the assistance of AI translation services.