IN BRIEF: VH Global completes £21.2 million purchase of PV sites

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

VH Global Sustainable Energy Opportunities PLC - invests in sustainable energy infrastructure - Completes acquisition of equity interests in three fully-permitted solar photovoltaic sites in Australia for £21.2 million. The acquisition is part of an existing £50 million commitment to Australian solar PV and storage investment programme. Acquisition first announced upon signing of purchase agreement on September 12. Each PV site is 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. Completion is expected in the second quarter next year.

Current stock price: 104.74 pence, up 0.7% in London on Tuesday

12-month change: up 2.6%

Copyright 2022 Alliance News Limited. All Rights Reserved.