Coro Energy commissions 3-MW roof solar array in Vietnam

Oct 3, 2022 10:41 AM ET
  • Coro Energy Plc (LON: CORO) revealed on Friday that it has actually completed the commissioning of a 3-MW roof solar pilot project in Vietnam.
Coro Energy commissions 3-MW roof solar array in Vietnam
Image: Frédéric BISSON

The UK-based as well as southeast Asia-focused firm stated that the solar array now delivers electricity to Vietnamese textiles maker Phong Phu under a 25-year power purchase agreement (PPA).

With greater than 4,500 solar panels, the system was installed throughout 4 factory roof coverings, covering 16,120 square metres (173,514 sq ft) in total amount.

Michael Carrington, Renewables Managing Director, kept in mind that this appointing marks the company's very first revenue stream in Vietnam. Coro Energy estimates that the PPA will certainly bring cash flows of around USD 0.3 million (EUR 0.3 m) each year.

According to a statement made by the energy firm in April, Phong Phu had actually committed to buying 3 MW of solar capacity from a 5-MW roof PV plant, which, subsequently, is part of a 150-MW project bundle.

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