London-based investment company, VH Global Sustainable Energy Opportunities, has announced a $63 million commitment to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW.
VH Global is partnering with developer Energea Global LLC to develop and operate the distributed solar PV projects. The solar farms will supply energy via 20-year contracts to commercial and industrial energy users, as well as large multinational corporations with operations in Brazil.