Youil Ensys subsidiary Youil Renewable Energy Corporation will invest around $160m to construct two solar projects in the Philippines.
The solar projects comprise a 30MW facility near Bacolod City and a 10MW solar station in Bohol.
Youil Ensys chief executive Scott Kim told the Manila Standard Today that construction will start once the government approves the feed-in tariff (FIT) on non-renewable energy projects.
The FIT policy offers guaranteed payments per kilowatt-hour to each renewable energy source.
Once approved, the project will take six months for construction to start.