VH Global Sustainable Energy Oppt. Acquisition of seven projects in Brazil (9895E)
13 Julio 2021 - 1:00AM
UK Regulatory
TIDMGSEO
RNS Number : 9895E
VH Global Sustainable Energy Oppt.
13 July 2021
VH Global Sustainable Energy Opportunities plc
13 July 2021
VH Global Sustainable Energy Opportunities agrees to a $20m
acquisition of seven projects in Brazil
VH Global Sustainable Energy Opportunities plc ("GSEO") - a
London-listed investment company advised by Victory Hill Capital
Advisors LLP - is pleased to announce that it has exchanged
contracts to acquire its second US$ 20m project development tranche
in Brazil. The capital investment will be used to fund seven
distributed solar generation projects, which will provide over 26MW
of energy to a multinational telecommunications company. This round
of funding aims to help this multinational expand and power its
network, allowing for improved network access particularly in
remote parts of Brazil.
This investment programme will be one of several renewable power
development programmes for GSEO in Brazil. This tranche forms part
of a larger US$ 63mn commitment by GSEO, initially announced on 28
May 2021 to fund the construction of 18 remote distributed
generation projects across 10 Brazilian states, aiming to generate
a total capacity of 75MW.
On completion of the acquisition of this second tranche, total
funds deployed under this commitment will be US$ 24m across 11
projects totalling 30 MW. The remaining US$ 39m will be deployed by
the end of Q3 2021.
www.vh-gseo.com
GSEO's LEI is 213800RFHAOF372UU580.
For further information, please contact:
Quill Communications Limited (PR Adviser)
Sarah Gibbons-Cook
Tel: + 44 (0)20 7466 5050 / +44 (0)77 6964 8806
Email: victoryhill@quillpr.com or pr@victory-hill.com
Numis Securities Limited (Broker)
David Benda / Matt Goss / Tod Davis
Tel: +44 (0)20 7260 1000
G10 Capital Limited (AIFM)
Mohammed Rahman / Paul Cowland
Tel: + 44 (0)20 3696 1302
Apex Fund and Corporate Services (UK) Limited (Company Secretary)
Anthony Lee
Tel: +44 7435 829323
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 holistically assess investments 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).
END
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