Post by Victory Hill Capital Partners LLP
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VH Global Sustainable Energy Opportunities plc (GSEO) is pleased to report its maiden interim results for the period from incorporation on 30 October 2020 to 30 June 2021. “The Company has continued to convert its global pipeline of investments that were highlighted as 'Enhanced Pipeline' assets in the IPO Prospectus. During the five-month period to 30 June 2021, the Company completed two operating storage terminal acquisitions in the United States and committed to the construction of a programme of 18 distributed solar projects across Brazil. In addition, post reporting period end, the Company committed a further £50m to acquire a portfolio of distributed solar generation assets in Australia with plans to build embedded battery storage capacity; and £78m to fund two Flexible Power plants which bring together high-efficiency gas-fired turbine technology with carbon capture systems in the United Kingdom with a combined capacity of 45MW. I am very pleased to report that, as at the date of publication of this report, the Company has committed 92% of the net IPO proceeds. The Board believes the Company is on track to deliver for shareholders the returns and yield as set out by in the Company Prospectus. The investments made post the reporting period are notable examples of the Investment Adviser’s global capabilities and discipline in that regard.” Bernard Bulkin, Chairman To read the interim report, click here: https://lnkd.in/dcpfbeVy #EnergyTransition #Reports #SustainableInvestments #Sustainability #Investing #NetZero #GreenFuture #EnergyInfrastructure