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VH Global Energy Infrastructure PLC announced on 17 January 2025 the energisation of two additional solar distributed generation sites in Brazil. This brings the Company's total operational solar DG projects in the country to 12, with a combined capacity of 34.3MWdc. The newly energised assets have offtake agreements between 10 and 20 years, including a 20-year inflation-linked contract with Telefonica for the 5.7MWdc asset.
| Date | 17 Jan 2025 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 6511T |
VH GLOBAL ENERGY INFRASTRUCTURE PLC
17 January 2025
Energisation of two solar distributed generation assets in Brazil
VH Global Energy Infrastructure plc ("the Company") is pleased to announce that it has successfully energised two additional solar distributed generation (DG) sites in Brazil. This milestone brings the Company's total operational solar DG projects in the country to 12, with a capacity of 34.3MWdc.
The Company expects a third solar site to be energised in Q1 2025, adding a further 6.25MWdc of new capacity. Furthermore, three additional sites are expected to become operational during 2025.
The two newly energised assets are already generating revenue with offtake agreements between 10 and 20 years and are supporting clients to meet their decarbonisation targets. The larger of the two assets, at 5.7MWdc, has a 20-year inflation-linked contract with Telefonica. The sites will contribute to the economic growth and grid improvements in an expanding energy hub in Brazil.
www.globalenergyinfrastructure.co.uk
The Company's LEI is 213800RFHAOF372UU580.
For further information:
Edelman Smithfield (PR Adviser)
Ged Brumby + 44 (0)7540 412 301
Eleanor Pomeroy + 44 (0)7581 010 801
Victory Hill Capital Partners LLP (Investment Manager)
Navin Chauhan [email protected]
Deutsche Numis (Corporate Broker)
David Benda +44 (0)20 7260 1000
Matt Goss
Ocorian Administration (UK) Limited (Company Secretary)
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 Investment (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).