The build-out of renewable power generation has, in large part, been a stand-out success across developed economies.
A report earlier this year celebrated the ‘landmark’ finding that renewables overtook fossil fuels as the main source of energy in the EU for the first time in 2020. In the UK, a record 42% of electricity came from renewable sources last year, compared to 41% from fossil fuels – a record in its own right.
With policymakers worldwide now focusing on the expansion of renewable power, the issue of updating ageing networks has become all the more urgent, writes Richard Lum
Recent sweeping power outages in Texas have thrown the issue of energy resiliency into sharp focus. With temperatures plunging as low as -18C, households and businesses across the state were left without one of our most basic human needs – access to a reliable, secure source of energy.
Norman will join as an Associate Vice President and work closely with the Co-Chief Investment Officers and other investment professionals within the firm in all aspects of the due diligence and management of its investments.
Norman is a finance professional with more than 9 years of experience in developing, structuring and financing renewable energy, social and environmental infrastructure projects across multiple technologies and jurisdictions around the world. Norman joins Victory Hill from Blackstone’s fully-owned energy and infrastructure platform which was mandated to develop, construct and acquire assets across both the MENA region and South Asia. Prior to this, he was a Senior Infrastructure and Financing Executive at the North American Development Bank (NADB), a US and Mexico backed Development Financial Institution participating in the placement of an infrastructure and renewable energy project portfolio worth over $500m. Norman started his career working at Nacional Financiera in Mexico City before his experience and expertise took him to San Antonio, Texas, US.
Norman will play an integral role supporting the Investment activities at Victory Hill.
London Stock Exchange welcomed VH Global Sustainable Energy Opportunities plc to the Premium Segment of the Main Market today, after it raised gross proceeds of £242.6 million pursuant to its initial public offering.
VH Global Sustainable Energy Opportunities plc intends to invest in a diversified portfolio of global sustainable energy infrastructure assets, predominantly in countries that are members of the EU, OECD, OECD Key Partner Countries or OECD Accession Countries.
The VH Global Sustainable Energy Opportunities Trust (GSEO) has raised £242.6m from its initial public offering, falling sort of the £400m it had aimed to secure from investors.
GSEO, run by investment adviser Victory Hill Capital Advisors, will start trading on the London Stock Exchange on 2 February.
Chair Bernard Bulkin said the board was "very pleased with the strong, broad-based response from investors to the proposition".