Coro Energy PLC on Tuesday said it signed a memorandum of understanding with Mobile World Investment Corp in Vietnam.
The South East Asian energy company said the memorandum with the Vietnam-based trader in consumer electronic products was focused on installing rooftop solar systems across Mobile World’s Vietnamese portfolio.
Michael Carrington, managing director of Coro Energy’s Renewables arm, said: ‘I am delighted to announce our strategic tie-up with Mobile World Investment Corp, as we move at pace towards scale, focused on long-term, solid cash flows and funded largely by industry players we intend to farm into the portfolio.’
Coro Energy shares were flat at 0.26 pence each on Tuesday afternoon in London.
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