Gurīn Energy
Gurīn Energy is a Singapore-based renewable energy developer that builds, owns, and operates utility-scale solar, wind, and battery storage projects across Asia, selling electricity under long-term PPAs to government utilities and corporate offtakers.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Gurīn Energy does
Gurīn Energy Pte Ltd is a Singapore-headquartered renewable energy developer founded in 2021 that develops, owns, and operates utility-scale solar, wind, and battery energy storage system (BESS) projects across Asia. Core technology stacks include lithium-ion BESS (4-hour duration designs up to 2GWh), utility-scale solar PV (using Tier-1 modules from Trinasolar, LONGi; CATL EnerX batteries), and onshore wind — with a flagship 2GWp solar + 4.4GWh storage development in the Riau Islands underpinning the Indonesia-Singapore green electricity trading corridor. The company's product portfolio spans ground-mounted solar (Palauig 75MW, Stella Power 1 & 2 in Thailand at 128MW combined), BESS (Soma 240MW/1GWh in Japan anchoring a 500MW/2GWh commitment), onshore wind and solar in South Korea (600MW+ pipeline including the 303MW EDP APAC acquisition), and cross-border electricity export via Vanda RE.
The business model is a classic utility-scale independent power producer (IPP) / developer model: Gurīn develops projects, secures long-term (typically 25-year) Power Purchase Agreements with government offtakers (EGAT in Thailand, EMA in Singapore, Philippines ERC), finances construction through bilateral project finance deals (e.g., UnionBank $60M for Palauig), and sells electricity either to utilities or to commercial/industrial customers via channel partners (AboitizPower in the Philippines, WHAUP in Thailand). Revenue is recurring and contracted over multi-decade horizons. The go-to-market combines enterprise field sales to governments and regulators, strategic joint ventures (Vanda RE with Gentari/Petronas), channel partnerships with local developers (WHAUP), and event-driven engagement at regional sustainability forums. The company is privately held, backed by Morrison & Co (with Infratil referenced as an investor), operates offices in six countries, and has a 7GW development pipeline across Asia.
Gurīn Energy firmographics
Firmographics- Name
- Gurīn Energy
- Legal name
- Gurīn Energy Pte Ltd
- Website
- https://gurinenergy.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Gurīn Energy is a Singapore-based renewable energy developer that builds, owns, and operates utility-scale solar, wind, and battery storage projects across Asia, selling electricity under long-term PPAs to government utilities and corporate offtakers.
- Ownership category
- akta.pro rank
Gurīn Energy industry classification
Industry- Product category
- Utility-Scale Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale Power Generation Asset Management (EUAEAMAA), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)
Keywords
Where Gurīn Energy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices8 records
Markets served
Gurīn Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Electricity Generation and Sale via PPAs: Gurīn Energy develops, builds, and operates utility-scale renewable energy projects (solar, wind, battery storage) and sells the electricity generated to offtakers through long-term Power Purchase Agreements (PPAs), typically 25 years in duration. Revenue is generated from the sale of clean electricity to utilities, governments, and commercial/industrial customers.
- Cross-Border Renewable Energy Export: Through its Vanda RE joint venture, Gurīn Energy participates in cross-border electricity trading between Indonesia and Singapore. The project will supply 300MW of non-intermittent, zero-emission electricity to Singapore starting 2028, with power sold via long-term supply agreements to commercial users.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Stella Power 1 (Ratchaburi, Thailand) - 69MW solar farm with 25-year PPA |
| Other | Multi-year contract | Stella Power 2 (Kanchanaburi, Thailand) - 59MW solar farm with 25-year PPA |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Gurīn Energy product offering
Product offeringCore offering
Gurīn Energy develops, owns and operates utility-scale renewable energy projects across Asia, including ground-mounted solar photovoltaic plants, onshore wind farms and lithium-ion battery energy storage systems (BESS). The company generates electricity from these assets and sells it to government utilities, national offtakers and commercial/industrial customers through long-term 25-year Power Purchase Agreements (PPAs).
Product overview
Gurīn Energy is a Singapore-headquartered renewable energy company offering a portfolio of clean energy solutions including solar power generation, wind power generation, and battery energy storage systems (BESS). The company develops, owns, and operates utility-scale projects across Asia, with major initiatives including the Palauig Solar Power Plant (75MW) in the Philippines, the Soma City BESS Project (240MW/1GWh) in Japan, the Vanda Solar & Battery Project (2GWp/4.4GWh) in Indonesia, and various wind and solar projects in South Korea and Thailand. Gurīn Energy operates through subsidiaries like Shizen Inc and joint ventures including Vanda RE (75% owned by Gurīn Energy, 25% by Gentari).
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Power Generation
Quantifiable outcome
- 53,100 metric tonnes of CO2 emissions avoided annually from Palauig Solar Power Plant
- +4 more outcomes
Companies that use Gurīn Energy
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Gurīn Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Gurīn Energy partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and major.
- Contemporary Amperex Technology Co Ltd (CATL)coreFramework supply agreement for up to 2.2GWh of CATL's EnerX battery energy storage system (BESS) for the Vanda Solar & Battery Project in the Riau Islands, Indonesia. Batteries will be manufactured in CATL's factory in Karawang, West Java, supporting local content requirements. The factory has total battery capacity of 15GW.
- Saft (TotalEnergies subsidiary)coreSelected to supply fully integrated lithium-ion BESS for Gurīn Energy's project in Soma City, Fukushima Prefecture, Japan. Saft will deliver over 1GWh storage capacity with power conversion and power management systems, along with I-Sight cloud supervision and data management systems featuring AI-based functionalities. The 240MW/1GWh+ BESS will be installed, commissioned and serviced by Saft.
- Black & VeatchcoreSelected as Owner's Engineer for Vanda RE's Vanda Solar & Battery Project in the Riau Islands, Indonesia. Black & Veatch will provide overall project engineering design and procurement services for solar PV and BESS, PV inverter solutions, high-voltage substations, HV transmission lines, jetties, and supporting infrastructure. The company has over 50 years' experience in Indonesia and 55GW+ experience with large solar and BESS projects globally.
- LONGi Green Energy Technology Co LtdcoreFramework supply agreement for up to 1GW of high-performance solar PV modules for Vanda RE's utility-scale project in the Riau Islands, Indonesia. The panels will meet Indonesian government local content (TKDN) requirements and support the development of Indonesia's clean technology supply chains.
- AboitizPower Corporation (AboitizPower)corePartnership with AboitizPower's retail electricity subsidiaries Adventenergy Inc and Adventpower Inc for the offtake of Palauig Solar Power Plant's electricity. The partnership ensures reliable and sustainable clean energy supply to Adventenergy's commercial and industrial customers in the Philippines.
- TrinasolarcoreFramework supply agreement for 1.2GW of Vertex N n-type i-TOPCon solar PV modules for Vanda RE's utility-scale project in the Riau Islands, Indonesia. Trinasolar has also established Indonesia's first integrated solar cell and module production base to support the project's local content requirements.
- WHA Utilities and Power Public Company Limited (WHAUP)coreJoint development partnership with Thai conglomerate WHAUP for two ground-mounted solar projects: Stella Power 1 (69MW in Ratchaburi) and Stella Power 2 (59MW in Kanchanaburi). Both projects secured 25-year PPAs with EGAT. The partnership combines WHAUP's local market expertise with Gurīn Energy's renewable energy development capabilities.
- Bases Conversion and Development Authority (BCDA) - PhilippinesmajorBCDA provided the 40-hectare site for Gurīn Energy's Capas Solar Power Project in Tarlac, Philippines through a 25-year lease agreement. BCDA is a government-owned corporation managing the conversion of former military bases.
- Toshiba Mitsubishi - Electric Industrial Systems Corporation (TMEIC)majorTMEIC will supply the BESS solution for Gurīn Energy's 500MW/2GWh battery energy storage project in Japan. TMEIC is a leading Japanese manufacturer of power conversion systems and industrial automation solutions, providing technological excellence to the project.
- Nippon Koei Energy SolutionsmajorNippon Koei Energy Solutions provides engineering consulting and serves as intermediary with EPC contractors for Gurīn Energy's Japan BESS project. The company leverages Japanese technical expertise and local market knowledge.
- Gentari International Renewables Pte LtdcoreVanda RE is a joint venture company co-owned by Gurīn Energy (75%) and Gentari through Gentari International Renewables Pte Ltd (25%). Gentari is a clean energy solutions platform wholly owned by Petronas. The JV is the primary vehicle for the Indonesia-Singapore renewable energy export project, with planned capacity of 300MW electricity supply to Singapore underpinned by 2GWp solar PV and 4.4GWh battery storage.
- Pathfinder Consortium (EDPR Renewables APAC, Keppel Energy, Vanda RE)majorThe Pathfinder Consortium, comprising Vanda RE, EDPR Renewables APAC, and Keppel Energy, was awarded conditional licenses to build a 1GWac subsea cable for the Green Corridor Indonesia project enabling green electricity trading between Indonesia and Singapore. Each member received conditional approval from Singapore's EMA.
Scale indicators19 records
Recent moves6 records
Expansion highlights6 records
Gurīn Energy competitors and assessment
Company assessmentDirect peers
- Vena Energy: Singapore-headquartered renewable energy IPP with utility-scale solar, wind, and storage across Asia-Pacific. Closest comparable peer — both develop, own, and operate integrated renewable portfolios across similar geographies (India, Southeast Asia, Japan, Korea).
- ACEN Corporation: Philippines-listed Ayala group renewables platform with utility-scale solar, wind, and BESS across the Philippines and broader ASEAN. Direct comparable on Asia emerging-market IPP model with government and offtaker relationships.
- Gentari (Petronas): Petronas-owned clean energy platform with renewables and BESS across Asia-Pacific. Direct comparable as a utility-scale renewables developer — and importantly, Gentari is Gurīn's JV partner (25%) in Vanda RE for the Indonesia-Singapore corridor.
Regional players
- Sembcorp Industries: Singapore-listed energy and urban solutions group with renewables arm (Sembcorp Renewables) operating solar and storage across Southeast Asia. Comparable as a Singapore-based regional energy player transitioning to renewables.
- WHA Utilities and Power (WHAUP): Thai industrial conglomerate's utilities arm operating power generation and renewables in Thailand. Direct comparator as Gurīn's channel partner for Stella Power 1 and 2 in Thailand, and as a Thai regional renewable IPP.
Broad incumbents
- EDP Renewables (EDPR): Global renewables utility with multi-GW wind and solar portfolio. Notably, Gurīn acquired EDPR's APAC portfolio in South Korea in 2025 — making EDPR a directly relevant former-portfolio comparator and incumbent.
- Ørsted: Global offshore wind and renewables leader with growing Asia-Pacific presence in offshore wind and storage. Comparable as a large-scale renewables developer/owner with utility-scale project development expertise.
- Engie: Global energy major with significant renewables and BESS portfolio across Asia-Pacific. Comparable as a broad incumbent in utility-scale renewable development and energy storage.
- Adani Green Energy: India-listed renewables IPP with multi-GW solar, wind, and hybrid portfolio. Comparable as a large-scale emerging-market renewables developer with aggressive pipeline growth.
- Iberdrola: Global renewables major with utility-scale solar, wind, and BESS portfolio. Comparable as an incumbent integrated renewable developer with cross-border project experience.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Gurīn Energy social profiles
Digital presenceGurīn Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gurīn Energy leadership team
Management profileNumber of profiles
Profiles25 records
Gurīn Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Gurīn Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gurīn Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gurīn Energy
What does Gurīn Energy do?
Gurīn Energy develops, owns and operates utility-scale renewable energy projects across Asia, including ground-mounted solar photovoltaic plants, onshore wind farms and lithium-ion battery energy storage systems (BESS). The company generates electricity from these assets and sells it to government utilities, national offtakers and commercial/industrial customers through long-term 25-year Power Purchase Agreements (PPAs).
Is Gurīn Energy a public or private company?
Gurīn Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Gurīn Energy founded?
Gurīn Energy was founded in 2021. It employs 51 to 100 people.
Where is Gurīn Energy based?
Gurīn Energy is headquartered in Singapore, Singapore, in the Asia region.
How does Gurīn Energy make money?
Two revenue lines are on record. Electricity Generation and Sale via PPAs are the primary driver. The others are cross-Border Renewable Energy Export.
Who are Gurīn Energy's main competitors?
Direct peers on record are Vena Energy, ACEN Corporation and Gentari (Petronas). Regional players are Sembcorp Industries and WHA Utilities and Power (WHAUP). Broad incumbents are EDP Renewables (EDPR), Ørsted, Engie, Adani Green Energy and Iberdrola.
Does Gurīn Energy have an API?
No public API is recorded for Gurīn Energy.
What industry is Gurīn Energy in?
Gurīn Energy's product category is Utility-Scale Renewable Energy Generation. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 22111.