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VH Global Sustainable Energy Opportunities PLC - invests in sustainable energy infrastructure - Buys three solar PV sites in Australia for £21.2 million as part of the £50 million commitment to its Australian solar PV and storage investment programme. Each PV site is of 5 megawatts, located in New South Wales. Says all solar PV generation assets are expected to combine merchant sales and long-term corporate power purchase agreement revenue.
Construction is expected to begin in the third quarter this year, with completion expected in the second quarter next year.
The Australian energy transition programme was first announced in August last year. Expects returns from the programme to exceed forecasts.
Current stock price: 108.88 pence, down 0.1%
12-month change: up 7.9%
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