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Coro Energy PLC - London-based gas explorer - Completes installation of three-megawatt rooftop solar pilot project in Vietnam, which consists of 4,500 solar panels covering an area of 16,120 square metres.
Pilot project is now five days into a 20-day commissioning phase, during which will provide proof of concept for Coro's portfolio of rooftop solar opportunities.
On commission, the project will generate revenue under a 25-year power purchase agreement with Phong Phu Corp.
‘Having installed the Vietnamese pilot project and the commissioning phase underway, Coro now has a platform from which to prove proof of concept for the existing 150-megawatt rooftop Solar project portfolio. The supply chain partners supporting the pilot project have performed beyond expectation and a reliable process in project delivery has been proven,’ says Michael Corrington, managing director of Coro Renewables.
Current stock price: 0.28 pence
12-month change: up 3.7%
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