LONDON, UK: VH Global Sustainable Energy Opportunities announced the completion of its acquisition of the third $22 million tranche to fund up to four projects which will provide 28MW of energy.
These acquisitions were first announced on 28 May 2021 as part of the total commitment of $63m to fund the construction of 18 remote distribution solar generation projects across ten Brazilian states with a total capacity of 75MW.
The projects involve building solar PV farms to supply energy to creditworthy commercial and industrial energy users, as well as large multinational corporations with operations in Brazil. The lengths of the contracts will be 20 years on average and inflation-linked.
To date, total funds deployed under this commitment is $50m across 15 projects totalling 59 MW. The remaining $13m will be deployed by Q1 2022.
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