VH Global Sustainable Energy Opportunities Expands Operational Portfolio in Australia

Credit: Andreas Gucklhorn via Unsplash

VH Global Sustainable Energy Opportunities (GSEO) has completed the construction and commissioning of its third and battery energy storage hybrid system in New South Wales, . This achievement builds on two previously completed hybrid systems in the state, increasing the operational share of GSEO's portfolio to 69%, up from 61% in mid-2024.

The newly commissioned site integrates a solar (PV) system with a DC-coupled two-hour, 4.95-MW battery energy storage system (BESS). This combination enhances grid stability and provides effective energy storage, addressing critical needs within Australia's energy .

GSEO's Australian energy transition programme now includes five operational assets, with two additional sites under construction. Upon completion in 2025, the programme will encompass seven assets with a combined capacity of 37 MW and 60 MWh, spread across New South Wales, Queensland, and .

The company continues to target an unlevered net asset value (NAV) return of 10%, net of fees, along with a progressive annual dividend per share. As of mid-2024, the dividend is covered at 1.1 times, with quarterly payments targeting 5.68p for the year ending December 31, 2024.

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