VH Global Energy Infrastructure plc ("the Company") is pleased to announce that it has successfully energised two additional solar distributed generation (DG) sites in Brazil. This milestone brings the Company's total operational solar DG projects in the country to 12, with a capacity of 34.3MWdc.
The Company expects a third solar site to be energised in Q1 2025, adding a further 6.25MWdc of new capacity. Furthermore, three additional sites are expected to become operational during 2025.
The two newly energised assets are already generating revenue with offtake agreements between 10 and 20 years and are supporting clients to meet their decarbonisation targets. The larger of the two assets, at 5.7MWdc, has a 20-year inflation-linked contract with Telefonica. The sites will contribute to the economic growth and grid improvements in an expanding energy hub in Brazil.