Coro Energy plc is a London listed (LON:CORO) South East Asian Energy Company with a natural gas and clean energy portfolio #EnergyTransition#Renewables
#CORO’s Half Year Results:
✅Binding 14-year power purchase agreement with Mobile World Group to deliver power at the first ten C&I rooftop solar sites
✅Second Wind Energy Service Contract in the Philippines
✅Progress on the Duyung PSC project
🔗https://t.co/eMnrNRZNsu
#Coro continues to deliver on its strategy of installing rooftop solar systems in #Vietnam.
Today’s PPA will deliver power at a further 50 sites, taking the total contracted capacity in-country to 3.3MW across 90 sites.
#EnergyTransition#Renewables#solarpower
#Renewables can help unlock significant revenues for Southeast Asian countries.
“We believe that investments into the green economy could generate as much US$300 billion in annual revenues by 2030” says Kimberley Tan, head of investments at GenZero.
https://t.co/3CS57F8LsG
‘SE Asia has a window of opportunity that it needs to seize today to leverage the green transition for competitive & economic growth’ says Ecosperity about a report produced by @BainandCompany, GenZero, @StanChart, & @Temasek.
Full report👇
https://t.co/VTyJUnWgBK
Coro recently announced a corporate update on its business & operational activities:
⚫Eurobond lenders again show support
⚫Developing two further 100MW onshore wind projects in the #Philippines
⚫#Solar construction underway in #Vietnam
Full RNS: https://t.co/O65bdrU6os
A combination of public and private sector actors is required to unlock #ASEAN’s energy transition.
‘A coordinated approach is the key to ensuring a just energy transition that stimulates economic growth’ states @ecobusinesscom.
https://t.co/ihzn0HKCQD
#ASEAN is the world’s 4th-largest energy consumer, with CO2 emissions steadily rising in the region over the past few years, says the @WEF.
SE Asia must continue its #renewableenergy investments if it is to achieve their sustainability goals.
https://t.co/LpmOutle3e
#ASEAN is the world’s 4th-largest energy consumer, with CO2 emissions steadily rising in the region over the past few years, says the @WEF.
SE Asia must continue its #renewableenergy investments if it is to achieve their sustainability goals.
https://t.co/LpmOutkGdG
Great to see the @IEA establish the IEA Regional Cooperation Centre in Singapore to accelerate the #energytransition in SE Asia.
@fbirol said #ASEAN is “one of the most dynamic & fastest growing regions in the world” reports @UpstreamOnline.
https://t.co/kO4xWWR9BG
Coro’s MD of Renewables recently spoke to @Proactive_uk’s @stephengunnion following the company’s recent Power Purchase Agreement in #Vietnam, the plans to develop three wind farms in the #Philippines, & upcoming milestones across the company’s renewables portfolio.
Coro signs Power Purchase Agreement✍️
The Power Purchase Agreement with Mobile World Investment Corporation in #Vietnam to install rooftop #solar systems across their portfolio, with construction to begin shortly.
Full announcement: https://t.co/TFPz0v66SH
Coro Energy’s investment in a 130-meter Met Mast in Oslob, Cebu, #Philippines is now operational and collecting bankable data on wind resources that will power projects in the area and provide further detail to local wind resource estimates.
‘The Minister’s Allocation Letter represents a major step in progressing documentation for sales of Mako’s gas’ writes @offshoremgzn. We look forward to taking part in Indonesia’s #energytransition through our interest in the Duyung PSC natural gas field.
https://t.co/Y1pvxc9mYv
#Indonesia, #Vietnam, and the #Philippines are still among ASEAN's largest coal consumers, according to @Reuters’ @GavinJMaguire.
To meet their climate goals & energy demands, countries in the region will need to shift away from carbon-intensive energy.
https://t.co/o1KwfFGfVh
#Vietnam’s GDP could grow by 6% this year, & potentially 6.4% next year.
@business’ @cynthialiwy notes that the country’s supportive business environment will help attain foreign direct investment in the coming year, which enables the country to remain an attractive opportunity.
Vietnam’s central bank will likely keep its benchmark interest rate steady through 2025 as it tackles growth and inflation concerns, analysts say https://t.co/QJA698Kl4n
Renewables are on the rise in Southeast Asia.
Solar & wind capacity grew by 20% in 2023, with ASEAN expected to surpass its renewable energy capacity target of 35% by 2025 by adding a further 23GW of new projects in the next two years, says @CarbonBrief’s @MollyLempriere.
NEW – Wind and solar capacity in south-east Asia climbs 20% in just one year, report finds | @MollyLempriere@GlobalEnergyMon
Read here: https://t.co/uVpQW19wgM