DevvStream Enters REC Market in Asia with Medellin Solar Power Facility Partnership [Yahoo! Finance]
DevvStream Corp. (DEVS)
Company Research
Source: Yahoo! Finance
of producing more than 730 MWp annually, equating to over 1.2 million I-RECs per year Sacramento, California--(Newsfile Corp. - November 29, 2024) - DevvStream Corp. (NASDAQ: DEVS) (" DevvStream " or the " Company "), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced an agreement (the " Agreement ") transferring the ownership of all renewable and carbon assets generated by the Sogod Energy Inc. Medellin Solar Power facility (the " Facility ") to DevvStream in the form of international renewable energy certificates (" I-RECs "). The 730-megawatt-peak (" MWp ") Facility has been approved by the municipality of Medellin, Cebu as part of its "Medellin 2030" smart city master development plan and will be developed and implemented in three phases by Sogod Energy (" Sogod "), a renewable energy company based in the Philippines. Once completed, the total annual energy production capacity of the Facility will be an
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