£5.9m acquisition of second site in Australia

RNS Number : 8867U

VH Global Sustainable Energy Oppt.

08 December 2021

 

VH Global Sustainable Energy Opportunities plc (the "Company")

08 December 2021

VH Global Sustainable Energy Opportunities completes £5.9mn acquisition of second site in Australia

VH Global Sustainable Energy Opportunities plc - a London-listed investment company advised by Victory Hill Capital Advisors LLP - is pleased to announce the completion of its acquisition of the second 10.9MW solar photovoltaic site located in Queensland, Australia.

This acquisition completes the first tranche of this project consisting of two solar PV sites totalling 17MW as previously announced on 2 August 2021. Tranche II of this project will now focus on the construction of battery storage systems which will be built and co-located on both tranche I solar PV sites, allowing them greater optionality to capture positive power price movements and prevent over-exposure to negative power prices.

The Company has now completed the acquisition of the two sites as of December 2021.

www.vh-gseo.com

The Company's LEI is 213800RFHAOF372UU580.

For further information, please contact:

Edelman Smithfield (PR Adviser)

Ged Brumby / Andrew McLagan

Tel: + 44 (0)7540 412 301 / [phone]

Victory Hill Capital Advisors LLP (Investment Adviser)

Navin Chauhan

[e-mail]

Numis (Corporate Broker)

David Benda / Matt Goss / Tod Davis

Tel: [phone]

G10 Capital Limited (AIFM)

Mohammed Rahman / Paul Cowland

Tel: + 44 (0)20 7397 5450

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 assess investments holistically 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).

END

 

END

 

 

ACQFSLFWWEFSESE