VH Global buys 2nd Aussie solar farm under strategy to add storage to PV

• UK investment firm VH Global Lasting Energy Opportunities (LON: GSEO) has actually settled the purchase of a 10.9-MW solar farm site in Queensland, Australia, spending GBP 5.9 million (USD 7.8 m/EUR 6.9 m), the firm stated today.

With the current acquisition, the London-listed investment company finishes up the initial tranche of its strategy to get two solar PV websites totalling 17 MW in Australia. The initial purchase under the plan was introduced in October, when VH Global acquired a 5-MW solar farm near Adelaide.

The second part of the plan will concentrate on building as well as co-locating battery storage systems at both sites, VH Global said.

VH Global is advised by Victory Hill Capital Advisors LLP.