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

UK investment company VH Global Sustainable Energy Opportunities (LON:GSEO) has finalised the acquisition of a 10.9-MW solar farm site in Queensland, Australia, investing GBP 5.9 million (USD 7.8m/EUR 6.9m), the firm said today.

With the latest purchase, the London-listed investment trust wraps up the first tranche of its plan to acquire two solar PV sites totalling 17 MW in Australia. The first acquisition under the plan was announced in October, when VH Global bought a 5-MW solar farm near Adelaide.

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

VH Global is advised by Victory Hill Capital Advisors LLP.

(GBP 1.0 = USD 1.322/EUR 1.172)

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