VH Global Sustainable Energy Expands Renewable Portfolio with Third Solar-Storage Site in Australia
VH Global Sustainable Energy Opportunities (GSEO) has successfully completed its third solar and storage hybrid system in New South Wales, Australia. This milestone follows the earlier commissioning of two similar hybrid systems in the state, marking a significant step forward in the company’s Australian energy transition program. The latest site features a solar PV system integrated with a DC-coupled two-hour 4.95MW battery energy storage system (BESS). By coupling solar energy generation with advanced storage solutions, the project enhances grid stability while addressing Australia’s growing energy demands with a reliable and efficient renewable energy supply.
With this addition, GSEO’s operational portfolio now accounts for 69% of its total assets, a notable increase from 61% recorded in mid-2024. The Australian program now includes five fully operational assets, with two more currently under construction. By 2025, the program is expected to achieve a total capacity of 37MW/60MWh, distributed across seven renewable energy sites in New South Wales, Queensland, and South Australia. This expansion highlights GSEO’s commitment to supporting Australia’s renewable energy goals through innovative solar and storage solutions.
GSEO is also delivering strong financial returns alongside its sustainability efforts. The company is targeting a total unlevered NAV return of 10% (net of fees) and continues to offer a progressive annual dividend, currently targeting 5.68p per share for the year ending December 31, 2024, paid quarterly and covered 1.1 times as of June 30, 2024. This achievement underscores GSEO’s dedication to advancing clean energy infrastructure while delivering reliable returns for its stakeholders, paving the way for a more sustainable future. #RenewableEnergy #Sustainability #SolarStorage #EnergyTransition #CleanEnergy #AustraliaRenewables #VHGlobalEnergy #SolarPower #BatteryStorage