top of page

Coro Energy forwards project of rooftop solar portfolio in Vietnam



Coro Energy has forwarded the project of potential acquisition of a leased rooftop solar portfolio in Vietnam.

For this, the company entered an exclusivity period of three months with the shareholders of KIMY.

According to the South-east Asia-focused company, the portfolio is spread across four locations. It informed that the portfolio had been operational for two years.

A local report mentioned that the portfolio is led by “power purchase agreement with a remaining 18-year term, with the power off-taker being the state-owned Electricity Vietnam (EVN).”

The company informed that under that agreement, the acquisition of the portfolio would cost a total of $1.7 million.

“I am delighted with this exclusivity period which allows the company to commence a deep-dive due diligence,” Coro Renewables managing director Michael Carrington was quoted in a statement.

He further stated, “Any acquisition pursuant to the exclusivity period would take our Vietnam portfolio to 6.258 megawatts in total, thereby accelerating our solar deployment in Vietnam.”

Comments


Related News

bottom of page