VH Global Sustain. - 15-year CO2 offtake agreement signed for UK asset

VH Global Energy Infrastructure

11/10/2022 07:00

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RNS Number : 3928C  VH Global Sustainable Energy Oppt.  11 October 2022

VH Global Sustainable Energy Opportunities plc

11 October 2022

 

VH Global Sustainable Energy Opportunities signs CO2 Offtake Agreement for its
UK flexible power plant

 

VH Global Sustainable Energy Opportunities plc ("GSEO", the "Company") - the
London-listed investment company advised by Victory Hill Capital Partners LLP
("Victory Hill") and focused on energy infrastructure that is essential for
the global transition towards net zero - is pleased to announce that it has
signed a 15-year CO2 Offtake Agreement for its first UK flexible power plant
with carbon capture in Nottinghamshire, UK.

 

The contract is a 'take or pay' offtake arrangement with Buse Gases Ltd
("Buse") - one of the global leading suppliers in the industrial and specialty
gas markets - and will involve at least 85 per cent of the food-grade CO2 that
is captured on site. Food-grade CO2 has a 99.99% purity rating and can be used
by the beverage industry to carbonate drinks amongst other applications. The
price agreed by Buse is inflation-linked although the specific pricing terms
remain confidential.

 

This 15-year term contract is believed to be one of the first of its kind and
contrasts with the 1-3 year terms typically agreed. The ability to secure such
a long-term contract reflects the ability of Victory Hill, working together
with Landmark Power, GSEO's operating partner in this asset, to leverage their
industry knowledge. The revenue stream derived from this agreement is in
addition to the 15-year Power Purchase Agreement in the original investment
case for the asset and enhances the expected annual total return for the
project to 8%.

 

Victory Hill and, Landmark Power, continue to explore other opportunities to
create additional value for this asset.

 

 

www.vh-gseo.com

 

The Company's LEI is 213800RFHAOF372UU580.

 

 

For further information, please contact:

 

Edelman Smithfield (PR Adviser)

Ged Brumby                      + 44 (0)7540 412 301

Kanayo Agwunobi            +44 (0)758 101 0560

 

Victory Hill Capital Partners LLP (Investment Adviser)

Navin Chauhan                 info@victory-hill.com

 

Numis (Joint Corporate Broker)

David Benda                       +44 (0)20 7260 1000

Matt Goss

 

Alvarium Securities Limited (Joint Corporate Broker)

Mark Thompson               +44 (0)20 7016 6711

Eddie Nissen                      +44 (0)20 7016 6713

Oliver Kenyon                    +44 (0)20 7016 6704

 

Apex Fund and Corporate Services (UK) Limited (Company Secretary)

Geetika Dayal                    + 44 (0)7903 820 161

 

 

About Victory Hill Capital Partners LLP

Victory Hill Capital Partners LLP is authorised and regulated by the Financial
Conduct Authority (FRN 961570).

 

Victory Hill is based in London and was founded in May 2020 by an experienced
team of energy financiers that have spun-out of a large established global
project finance banking group. The team have an established track record built
over six years while working together in their previous roles and
participating in over $37.1bn in sustainable energy project transaction
values, generating over 24.2 per cent. equity returns. In addition, the team
has also participated in more than $200bn in transaction values across 91
conventional and renewable energy-related transactions in over 30
jurisdictions worldwide, throughout their individual careers. The average
experience per individual is 22 years of relevant energy finance experience.

 

The Victory Hill team deploys its experience across different financial
disciplines in order to assess investments holistically from multiple points
of view. The firm pursues operational stability and well-designed corporate
governance to generate sustainable positive returns for investors. It focuses
on supporting and accelerating the Energy Transition and the attainment of the
UN Sustainable Development Goals.

 

Victory Hill is a signatory of the United Nations Principles for Responsible
Investing (UN PRI), the United Nations Global Compact (UN GC) and is a formal
supporter of the Financial Stability Board's Task-Force on Climate-related
Disclosures (TFCD).

 

 

END

 

 

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