UK financier acquires Oz solar triad

• VH Global Sustainable Energy Opportunities will start building and construction of the projects in Q3 2022

VH Global Sustainable Energy Opportunities has actually consented to acquire three solar sites in Australia, totalling 15MW, for ₤ 21m.

The building and construction of these 3 sites, done in New South Wales, is expected to begin in the third quarter of 2022 with completion and appointing anticipated in the 2nd quarter of 2023.

VH Global Sustainable Energy Opportunities, a London-listed investment firm encouraged by Victory Hill Capital Advisors, has actually consented to get and construct three totally allowed solar sites for ₤ 21.2 m as part of the existing ₤ 50m dedication to its Australian solar PV and storage space investment programme.

The Australian Energy Transition Programme was initially revealed in August 2021 with operating partner Birdwood Energy.

Phase 1, announced in late 2021, contained the acquisition of two running solar PV sites with a combined capability of 17MW.

Phase 2, being the building of co-located battery storage space systems has currently started on among the two Phase 1 sites.

The enhancement of batteries will certainly enable better optionality to catch favorable power rate activities, avoid over-exposure to adverse power rates, and permit them to make profits from supplying regularity action services to the local grid.

Today's news associates with Phase 3 of the Australian Energy Transition Programme as well as makes up a first three new solar PV sites of 5MW each, situated in New South Wales.

The company retains exclusivity over a further 2 sites of 5MW each under Phase 3.

As part of a prospective Phase 4 of the Australian Energy Transition Programme, the Company is likewise reviewing, based on even more due diligence, the capability to construct batteries along with the Phase 3 assets.