VH Global Sustainable Energy Opportunities has completed the construction and commissioning of two solar and storage hybrid systems in New South Wales, Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems . The trust already has two operational assets in Australia. Following the completion of these two sites, 67% of the portfolio is operational, up from 61% as of 30 June 2024.

A third hybrid asset is expected to become operational in Q4 2024, but there are a further two under construction.

These assets all form part of the trust’s Australian Programme, which was announced in August 2021 with an initial commitment of £50m to fund five assets, and was expanded to £58.5m with the acquisition of two additional solar and storage hybrid assets announced earlier this year. Once complete, the total capacity of the Australian Programme will be 37MW/60MWh, across seven assets in New South Wales, Queensland and South Australia.

Hybridisation (coupling of solar PV with battery energy storage) is one of the key strategies in the Australian Programme. This provides the Australian energy system with much-needed grid stability and an effective storage solution. GSEO expects to gain access to additional energy arbitrage and frequency stability services revenue streams from the co-located batteries on site.

Birdwood Energy is an Australian specialist developer and manager in the renewable sector, with more than 25 years’ experience in battery storage and renewable power generation development and operation. It serves as GSEO’s local partner for the Australian Programme.

GSEO : VH Global completes two solar projects in Australia