Shares Up on ESG Solar Project

Shares Up on ESG Solar Project

By: Dylan Sikes – News

Thursday, August 11, 2022

This company engages in the exploration, acquisition, and development of oil and natural gas resources. invests in Brazil and just announced an update on a solar project as well.

Petro-Victory Energy Corp. (TSXV: VRY) provided an update on its previously announced Andorinha Solar Project to provide electrical power for its facilities at the Andorinha oil field, onshore Potiguar Basin, per the company’s press release.

Petro-Victory had entered into a contract with a local renewable energy infrastructure provider to install a solar array at its Andorinha oil field. Civil works are completed and solar panels installed at the previously identified site consisting. The electrical installation phase has been completed on schedule with the cabling, interconnection of the solar panels and installation of the inverters now completed.

Shares were trading at $1.75, up slightly, in morning trade.


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