(Alliance News) - VH Global Sustainable Energy Opportunities PLC on Tuesday said that it has completed construction of its first solar and storage hybrid system in Australia.

VH Global is a London-listed company, managed by Victory Hill Capital Partners LLP, which is focused on energy infrastructure designed to address the global transition towards net zero.

The recently-finished site in Australia was completed, VH Global said, through the addition of a 2 hours, 4.95 megawatt battery energy storage system on its existing operational solar photovoltaic site in South Australia.

The Australian energy transition programme was first announced in August 2021, with Phase I consisting of the acquisition of two operating solar photovoltaic sites with a combined capacity of 17 megawatts.

Phase II incorporated the construction of co-located battery energy storage system. This has now been completed on the first of the two sites, while work is ongoing towards optimising the grid connection of the battery system for the second site.

VH Global expects additional co-located batteries to be installed on its other three solar sites currently under construction in New South Wales. In line with previously stated plans, these three solar sites are expected to be commissioned in the third quarter of 2023.

VH Global Sustainable shares were trading 0.4% higher at 90.76 pence each in London on Tuesday morning.

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.