REG - Coro Energy PLC - New Vietnam EPC Loan

Coro EnergyAnnouncement

15/10/2025 07:00

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RNS Number : 3558D  Coro Energy PLC  15 October 2025

15 October 2025

 

Coro Energy Plc

("Coro" or the "Company")

 

New Vietnam EPC Loan

 

Coro Energy Plc, the South East Asian renewable energy developer, announces a
new EPC loan for the next 2MW of C&I rooftop solar construction with
Mobile World Group ("MWG").

 

As previously announced, the Company has 3.4MW of operating installed rooftop
solar capacity with MWG in addition to the existing 3.0MW industrial project
with Phong Phu Corporation and has been in discussions in Vietnam with
multiple parties with a view to introduce debt funding into its portfolio. The
Company is now delighted to announce a new loan from its Engineering,
Procurement and Construction ("EPC") provider in Vietnam which funds 70% of
the next 2MW (circa US$750,000) of future rooftop solar installations with
MWG. The loan will be repaid in monthly instalments over a five-year period
with a coupon of 10% in the first year and an externally benchmarked coupon
for subsequent years.

 

Tom Richardson, Chairman, commented:

 

"Having strengthened Coro's financial foundations over the last year, we
continue to seek ways to ensure the business has access to the capital it
needs as it continues to expand. This is an important funding solution for the
Company which largely dovetails the payment of the construction cost with the
cash flows generated by the asset. We continue to work with both international
and local banks to introduce further debt finance as we increasingly
transition towards self-funding solutions for our C&I rooftop business in
Vietnam. We are grateful to our EPC partner in-country for their continued
support."

 

For further information please contact:

 

 Coro Energy plc                                          Via Vigo Consulting Ltd

 Cavendish Capital Markets Limited (Nominated Adviser)    Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes

 Tennyson Securities (Nominated Broker)                   Tel: 44 (0)2 4530 9239

 Peter Krens

 Vigo Consulting (IR/PR Advisor)                          Tel: 44 (0)20 7390 0230

 Patrick d'Ancona

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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