Vietnam Rooftop Solar

  • 25 year PPA with Phong Phu – a listed Vietnamese high volume manufacturer of textiles - signed in April 2022
  • 3-megawatt pilot project, consisting of over 4,500 solar panels and other ancillary components which has been installed across four factory roofs in Vietnam and covers a total area of 16,120 square metres
  • Project delivered on time and on budget
  • Currently delivering electrical power which is being consumed on site by Phong Phu Corporation
  • Contributes net cash flows to the Group of approximately $0.3m per annum
  • Two further projects have been announced by Coro, heads of terms for 50MW, and an acquisition yet to complete of 2.39MW
  • Due diligence and technical assessments underway with regards to potential clients and locations for additional rooftop solar projects