星期日, 27 7 月, 2025
Home PV Companies Coro Energy Receives Funding Proposal From Capton Energy For Vietnamese Solar Projects

Coro Energy Receives Funding Proposal From Capton Energy For Vietnamese Solar Projects

Coro Energy PLC, a prominent South East Asian energy company with a focus on natural gas and clean energy, has announced a significant development in its Vietnamese rooftop solar projects.

The company has received an indicative funding proposal from Capton Energy, a Dubai-based joint venture between Siemens Financial Services and Desert Technologies, specialising in Energy Transition infrastructure in Africa, the Middle East, and Asia.

The proposal involves Capton Energy co-investing in Coro’s existing Vietnamese solar projects and providing investment support for Coro’s project pipeline, which has the potential to reach up to 50 megawatts. The two companies are now in advanced discussions, and Coro has agreed to a four-month exclusivity period to finalize the transaction.

Michael Carrington, the Managing Director of Coro Renewables, expressed enthusiasm about the collaboration with Capton Energy, highlighting their substantial balance sheet and extensive experience in renewable deployment. Carrington stated that they are looking forward to concluding the arrangements for this partnership.

Umer Ahmad, the Chief Executive & Chief Investment Officer of Capton Energy, emphasized the joint goal of leveraging the capabilities and expertise of both companies to address the energy needs of underserved sectors in the market. By utilizing renewable technologies, Capton Energy aims to positively impact communities and industries in the region.

This funding proposal and potential co-investment mark a significant step in Coro Energy’s commitment to advancing its clean energy portfolio in Vietnam and supporting the country’s transition towards renewable energy sources.

The collaboration with Capton Energy signifies a strategic move towards furthering sustainable energy solutions in the region and making a positive difference in local communities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Tesla is set to build its biggest energy storage facility in China

Tesla, China Kangfu International Leasing, and the Shanghai Municipal Government signed a cooperation agreement to build an energy storage power station, which will become...

Sungrow launches next-gen hybrid residential energy storage system

China renewable energy solutions company Sungrow Power has revealed its newest hybrid next generation residential energy storage system (ESS), with its the latest in...

Desay Battery Unveils Proactive-Safety-Focused Energy Storage Technologies

On July 23, Desay Battery, a leading global provider of comprehensive energy storage solutions, held its mass production launch event in Changsha, China. The...

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...