Gresham House partners with Anesco on 200MW solar portfolio Gresham House partners with Anesco on 200MW solar portfolio

Press Release - 21 January 2021

Press Release - 21 January 2021

Gresham House partners with Anesco on 200MW ground mounted solar PV portfolio in the UK.

 

The agreement will see Gresham House funding the portfolio of grid scale assets, which will comprise sites ranging from 20MW to 50MW generation capacity. The shovel-ready sites form part of Anesco’s growing development pipeline.

All engineering, procurement and construction will be handled by Anesco, with the company also providing long term operations and maintenance once the sites are energised. The development and construction partnership will span three years.

With a value in excess £100m, it is Anesco’s largest transaction to date and will underpin significant growth in the coming years.

Each solar farm will benefit from an advanced biodiversity management plan, designed to support local flora and create habitats for the most at-risk species.

Construction of the first site is expected to commence later this year, with the full 200MW portfolio anticipated to be completed within the three year period.

The agreement forms part of a long-standing relationship between the two companies.

Last year, this saw Gresham House purchasing its first subsidy free site, a 12MW solar farm from Anesco for one of its renewable energy funds.

 

Wayne Cranstone, Investment Director, said:

“By building on our existing relationship with Anesco we are securing access to a quality pipeline of unsubsidised assets developed by one of the leading developers in the country. At Gresham House we take sustainable investment seriously. This portfolio provides new renewable energy generation to support the UK’s net zero carbon emissions targets and its biodiversity plans align with our wider ESG objectives. Anesco’s ability to develop, build and operate these assets in a sustainable way while delivering strong returns for our investors makes them an ideal partner for us”.

 

Mark Futyan, CEO at Anesco, commented:

“We’re delighted to be working with Gresham House on this project and to once again be demonstrating our full lifecycle engineering capabilities. At Anesco, we specialise in providing a complete turnkey solution for renewables investors, which spans from development and construction, to maintenance and optimisation. Having built a 1GW solar pipeline in the UK, we look forward to collaborating with partners such as Gresham House, to increase the country’s renewable energy supply.”

 

Press enquiries

KL Communications
T: +44 (0)20 3995 6671
E: gh@kl-communications.com

More views from Gresham House

IMPORTANT INFORMATION:
This website uses cookies to ensure you get the best experience on our website.
We have recently updated our Online Privacy and Cookies Policy (the “Policy”) to improve our commitment to protecting your personal information.
Please take a moment to read the updated Policy, which is accessible through the following link: Online Privacy and Cookies Policy