DevvStream Enters REC Market in Asia with Medellin Solar Power Facility Partnership
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DevvStream Corp. has entered the Asian renewable energy certificate (REC) market through a partnership with Sogod Energy for a solar power facility in Medellin, Philippines. The facility will produce over 730 MWp annually, generating more than 1.2 million I-RECs per year, which will be transferred to DevvStream.
November 29, 2024 | 12:45 pm
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DevvStream Corp. has secured a significant partnership with Sogod Energy to acquire all renewable and carbon assets from a new solar power facility in the Philippines, marking its entry into the Asian REC market.
The partnership with Sogod Energy allows DevvStream to expand its presence in the Asian market, acquiring a substantial amount of renewable energy certificates. This strategic move is likely to enhance DevvStream's asset portfolio and market position, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90