Under the terms of the MoU, both the firms will cooperate in geothermal, wind, solar and hydro projects mainly located in the Philippines, Thailand, India, Indonesia, Vietnam, Malaysia and Australia as well as other areas that may be identified at a later stage.
The team will consider only the projects which are in the development phase.
EGP CEO and general manager Francesco Venturini said: "The Asia Pacific Region is a promising geography for Enel Green Power where we do not have an operational presence yet and through this agreement we are venturing into development opportunities across all renewable technologies in this area abundant with resources and growth potential."
The MoU will include development agreements in order to set the projects’ structure.
A joint venture will be established by EGP and Marubeni, under each agreement, aimed to build, own and operate the relevant projects.
Additionally, a joint working group will also be launched by the two companies, as part of the MoU, to regularly exchange information and data on project opportunities.
