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Benzinga
Benzinga
Business
Akanksha Bakshi

DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps

DevvStream Corp. (NASDAQ:DEVS) announced an agreement to acquire all renewable and carbon assets from the Medellin Solar Power Facility in the form of international renewable energy certificates (I-RECs).

The Medellin Solar Power Facility, with a 730 MWp capacity, is part of the “2030 Smart City” plan in Cebu, Philippines. Developed by Sogod Energy Inc., it will generate 1.2 million I-RECs annually from 1.219 million MWh of energy.

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