VH
GLOBAL SUSTAINABLE ENERGY OPPORTUNITIES PLC
20
November 2024
Commissioning of a further
hybrid project in Australia
VH Global Sustainable Energy
Opportunities plc ("the Company", or "GSEO") is pleased to
announce the completion of the construction and commissioning of a
third solar and storage hybrid system in New South Wales ("NSW"),
on time and on budget. This follows the completion of two hybrid
systems in NSW announced three weeks ago, and brings the
operational portion of the Company's portfolio to 69%, up from 61%
as of 30 June 2024.
As with the previously announced
systems, this third site also comprises a solar PV site with a
DC-coupled two-hour 4.95MW battery energy storage system ("BESS").
The coupling of solar PV with BESS technologies provides the
Australian energy system with much-needed grid stability and an
effective storage solution.
GSEO's Australian energy transition
programme (the "Australian Programme") now consists of five
operational assets with a further two currently under construction.
Once complete in 2025, the total capacity of the Australian
Programme will be 37MW/60MWh, across seven assets in New South
Wales, Queensland and South Australia.
GSEO continues to support the global
energy transition, with its investors benefiting from both NAV
growth and a progressive income stream since launch in 2021. The
Company targets a total unlevered NAV return of 10%, net of fees,
and a progressive annual dividend per share, covered 1.1x as of 30
June 2024, paid quarterly (currently targeting 5.68p for the year
ending 31 December 2024).
www.vh-gseo.com
The Company's LEI is
213800RFHAOF372UU580.
For further information:
Edelman Smithfield (PR
Adviser)
Ged
Brumby
+ 44 (0)7540 412 301
Hamza
Ali
+ 44 (0)7976 308914
Victory Hill Capital Partners LLP
(Investment Manager)
Navin
Chauhan
info@victory-hill.com
Deutsche Numis (Corporate
Broker)
David
Benda
+44 (0)20 7260 1000
Matt Goss
Ocorian Administration (UK) Limited
(Company Secretary)
oaukcosecteam@ocorian.com
About Victory Hill Capital Partners LLP
Victory Hill Capital Partners LLP
("Victory Hill") is authorised and regulated by the Financial
Conduct Authority (FRN
961570).
Victory Hill is based in London and
was founded in May 2020 by an experienced team of energy financiers
that spun-out of a large established global project finance banking
group. The team has participated in more than $200bn in transaction
values across 91 conventional and renewable energy-related
transactions in over 30 jurisdictions worldwide. Victory Hill is
the investment manager of the Company.
The Victory Hill 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.
Victory Hill is a signatory of the
United Nations Principles for Responsible Investing (UN PRI), the
United Nations Global Compact (UN GC), Net Zero Asset Managers
Initiative (NZAMI), a member of the Global Impact Investing Network
(GIIN) and is a formal supporter of the Financial Stability Board's
Task-Force on Climate-related Disclosures (TCFD).
