–News Direct–
Coro Renewables, part of Coro Energy PLC (AIM:CORO),, is expanding its renewable energy portfolio in the Philippines with the application for a second 100 megawatt wind farm project.
Managing director Michael Carrington told Proactive's Stephen Gunnion the company plans to develop three wind farms in Oslob, leveraging efficiencies such as shared technical studies and reduced mobilisation costs.
Additionally, Coro Renewables is advancing its solar project in the Philippines, involving land acquisition prior to application submission.
In Vietnam, the company has finalized a power purchase agreement (PPA) with the Mobile World Group, enabling the commencement of a pilot project involving 10 locations around Ho Chi Minh City. This pilot involves structural surveys, regulatory compliance checks, demand profiling, and rapid construction of small systems. Following a short review phase, a 50 megawatt rollout program is anticipated.
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View source version on newsdirect.com: https://newsdirect.com/news/coro-renewables-md-discusses-second-philippines-wind-farm-provides-updates-on-portfolio-641257283
Coro Energy PLC
COMTEX_449240435/2655/2024-03-14T08:27:30