Acquisition of seven projects in Brazil

RNS Number : 9895E

VH Global Sustainable Energy Oppt.

13 July 2021

 

VH Global Sustainable Energy Opportunities plc

13 July 2021

VH Global Sustainable Energy Opportunities agrees to a $20m acquisition of seven projects in Brazil

VH Global Sustainable Energy Opportunities plc ("GSEO") - a London-listed investment company advised by Victory Hill Capital Advisors LLP - is pleased to announce that it has exchanged contracts to acquire its second US$ 20m project development tranche in Brazil. The capital investment will be used to fund seven distributed solar generation projects, which will provide over 26MW of energy to a multinational telecommunications company. This round of funding aims to help this multinational expand and power its network, allowing for improved network access particularly in remote parts of Brazil.

This investment programme will be one of several renewable power development programmes for GSEO in Brazil. This tranche forms part of a larger US$ 63mn commitment by GSEO, initially announced on 28 May 2021 to fund the construction of 18 remote distributed generation projects across 10 Brazilian states, aiming to generate a total capacity of 75MW. 

On completion of the acquisition of this second tranche, total funds deployed under this commitment will be US$ 24m across 11 projects totalling 30 MW. The remaining US$ 39m will be deployed by the end of Q3 2021.

www.vh-gseo.com

GSEO's LEI is 213800RFHAOF372UU580.

For further information, please contact:

Quill Communications Limited   (PR Adviser)

Sarah Gibbons-Cook

Tel: + 44 (0)20 7466 5050 / [phone] 

Email: [e-mail] or [e-mail]

Numis Securities Limited   (Broker)

David Benda   /   Matt Goss   /   Tod Davis

Tel: [phone]

G10 Capital Limited   (AIFM)

Mohammed Rahman   /   Paul Cowland

Tel: + 44 (0)20 3696 1302

Apex Fund and Corporate Services (UK) Limited   (Company Secretary)

Anthony Lee

Tel: [phone]

About   Victory Hill Capital Advisors LLP

Victory Hill Capital Advisors LLP   ("VHCA") (FRN 938594) is an Appointed Representative of   G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).

Victory Hill is based in   London   and was founded in   May 2020   by an experienced team of energy financiers that have spun-out of a large established global project finance banking group. The team have an established track record built over six years while working together in their previous roles and participating in over   $37.1bn   in sustainable energy project transaction values, generating over 24.2 per cent. equity returns. In addition, the team has also participated in more than   $200bn   in transaction values across 91 conventional and renewable energy-related transactions in over 30 jurisdictions worldwide, throughout their individual careers. The average experience per individual is 21 years of relevant energy finance experience.  VHCA is the investment adviser entity of the Victory Hill group.

The VHCA team deploys its experience across different financial disciplines in order to holistically assess investments from multiple points of view. The firm pursues operational stability and well-designed corporate governance to generate sustainable positive returns for investors. It focuses on supporting and accelerating the Energy Transition and the attainment of the UN Sustainable Development Goals.

VHCA is a signatory of the United Nations Principles for Responsible Investing (UN PRI), the United Nations Global Compact (UN GC) and is a formal supporter of the Financial Stability Board's Task-Force on Climate-related Disclosures (TFCD).

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