Brazilian solar PV update

RNS Number : 0716K

VH Global Sustainable Energy Oppt.

03 May 2022

 

VH Global Sustainable Energy Opportunities plc

03 May 2022

Six Brazilian solar PV sites move from construction to operational

VH Global Sustainable Energy Opportunities plc (the "Company" or "GSEO") is pleased to announce six solar PV sites across five Brazilian states are now complete following a period of construction.

The six sites, representing approximately $13.7m of the original $63m commitment, will be generating 18.7MWp and are located in Rio de Janeiro, Sergipe, Pará, Rio Grande do Norte and Paraíba. These sites are a combination of tranches one and two of the previous announcements.

All the sites have contract lengths of 20 years and are inflation-linked. Telefonica is the off taker in all but one site.

The Company expects the remaining sites related to tranches one and two, totalling an additional 13MWp, to be operational this quarter. Capital expenditures for all projects are in line with budget.

The Company's LEI is 213800RFHAOF372UU580.  

For further information, please contact:

Edelman Smithfield (PR Adviser)

Ged Brumby / Kanayo Agwunobi

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

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).

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