Gresham House
Specialist asset management
Real Assets
Real Assets
Gresham House Renewable Energy VCT 2 plc is a venture capital trust with a portfolio of renewable energy projects in the UK.
Gresham House Renewable Energy VCT 2 plc adopted a new Investment Policy on 13 July 2021 (the “New Investment Policy”). 
The main objective is to continue management of the portfolio with the intention of realising the sale or monetisation otherwise of all remaining assets in the portfolio.
Key documents
MUFG Signal Shares migration
14 April 2025: MUFG Signal Shares migration to Investor Centre platform. Information is available in the Investor relations queries section on this webpage.
Investment approach
The Renewable Energy VCT funds have mainly been invested in a portfolio of renewable energy generating assets, since inception. These assets are mature, generating electricity and earning revenues. The revenues are both from the sale of electricity and from government incentives to support the development of renewable energy generation capacity, such as feed-in tariffs and renewable obligation certificates.
How to invest
Secondary market investment
The VCT won’t be launching any new offers for subscription as per the New Investment Policy,
Shares already in issue can be purchased on the secondary market via a stockbroker or authorised share dealing service. To register your interest to buy or sell shares please contact Chris Lloyd at Panmure Gordon (UK) Limited, the Company’s market maker:
Chris Lloyd
T: 0207 886 2716
E: Chris.lloyd@panmure.com
Important information: Prospective investors should carefully consider the risks associated with this form of investment and seek advice from a qualified financial adviser. Investment in smaller unquoted companies involves a higher degree of risk than investment in larger companies. VCT shares are infrequently traded, so shares are often valued at a discount to their Net Asset Value and may be difficult to realise. Shareholders may be offered a price which is less than the full value of the underlying assets.
Investments
Connected to the grid in March 2013, it has 2.0 ROC accreditation, and consists of approximately 22,000 Trina solar modules on 30 acres. The farm was constructed by S.A.G Solar and developed by AEE Renewables.
Location: Tiverton, Devon
MW: 5.5
Subsidy: 2.0 ROCs
Date of Commission: March 2013
Connected to the grid in October 2011 the solar park is accredited under the Feed-in Tariff (FiT) scheme. It consists of approximately 21,300 Jinko Solar and Honda Soltec solar modules on c.33 acres. The farm was constructed by Graess Solartechnik GmbH and developed by AEE Renewables.
Location: Swindon, Wiltshire
MW: 5
Subsidy: Feed-in Tariff (FiT)
Date of Commission: October 2011
Connected to the grid in October 2011 the solar park is accredited under the Feed-in Tariff (FiT) scheme. It consists of approximately 17,000 Jinko Solar modules on c.31 acres. The farm was constructed by Graess Solartechnik GmbH and developed by AEE Renewables.
Location: Axminster, Devon
MW: 4
Subsidy: Feed-in Tariff (FiT)
Date of Commission: October 2011
Hewas Solar Limited owns a portfolio of 875 roof-mounted solar assets totalling 1.9MW situated on housing association property located in both Manchester and Cardiff. The company financed the capital costs of installing equipment and in return receives the Feed In Tariff income. Residents of the housing associations are able to use the electricity generated by the installations free of charge. Roof-top installations were undertaken during November and December 2011. The company has entered into a fixed term O&M agreement with Anesco Limited.
Location: Manchester and Cardiff
MW: 1.9
Subsidy: Feed-In Tariff
Date of Commission: November and December 2011
Gloucester Wind Limited owns a portfolio of 385 roof-mounted solar assets totalling 1.2 MW situated on residential properties throughout England and Wales, with the largest concentration of pv systems in Liverpool (35%) . The company financed the capital costs of installing equipment and is receiving the Feed In Tariff income in return. Home owners are able to use the electricity generated by the installations free of charge. Roof-top installations commenced in June 2012 and were completed over the subsequent 6 months.
Location: England & Wales
MW: 1.2
Subsidy: Feed-In Tariff
Date of Commission: Commenced June 2012
St Columb Solar Limited owns a portfolio of 347 roof-mounted solar assets totalling 0.83MW situated on housing association property located in both Manchester and Glasgow. The company financed the capital costs of installing equipment and in return receives the Feed In Tariff income. Residents of the housing associations are able to use the electricity generated by the installations free of charge. Roof-top installations were undertaken during November and December 2011. The company has entered into a fixed term O&M agreement with Anesco Limited.
Location: Manchester and Glasgow
MW: 0.83
Subsidy: Feed-In Tariff
Date of Commission: November & December 2011
HRE Willow owns a 66.5kW portfolio of wind turbines located on largely farmer-owned sites located throughout East Anglia. Each project is a single or multiple turbine site which has its own distinct equipment location agreement, planning permission and FiT accreditation (through MCS). The developer, Windcrop Limited, offered a complete turnkey solution where they developed, built and commissioned each site. The land owner is entitled to free electricity produced by the turbines with HRE Willow collecting both the Feed In Tariff and Export revenue for any surplus that the land owner does not consume. Windcrop is in administration and Evance (now Britwind) has taken over the O&M.
Location: East Anglia
MW: 0.66
Subsidy: Feed-In Tariff
Tumblewind Limited owns a 66.5kW portfolio of wind turbines located on largely farmer-owned sites located throughout East Anglia. Each project is a single or multiple turbine site which has its own distinct equipment location agreement, planning permission and FiT accreditation (through MCS). The developer, Windcrop Limited, offered a complete turnkey solution where they developed, built and commissioned each site. The land owner is entitled to free electricity produced by the turbines with Tumblewind Limited collecting both the Feed In Tariff and Export revenue for any surplus that the land owner does not consume. Windcrop is in administration and Evance (now Britwind) has taken over the O&M.
Location: East Anglia
MW: 0.66
Subsidy: Feed-In Tariff
Connected to the grid in October 2011 the solar park is accredited under the Feed-in Tariff (FiT) scheme. It consists of approximately 3,200 Canadian Solar and Q Cells solar modules on c.7 acres. The farm was constructed by Anesco Limited.
Location: Shipton-under-Wychwood
MW: 0.65
Subsidy: Feed-in Tariff (FiT)
Date of Commission: September 2011
Connected to the grid in October 2011 the solar park is accredited under the Feed-in Tariff (FiT) scheme. It consists of approximately 2,900 Canadian Solar and Suntech solar modules on c.5 acres. The farm was constructed by Anesco Limited.
Location: Ilminster, Somerset
MW: 0.65
Subsidy: Feed-in Tariff (FiT)
Date of Commission: October 2011
Minsmere Power Limited owns a portfolio of 69 small scale 5kW wind turbines located on domestic sites located throughout Norfolk. The land owner is entitled to free electricity produced by the turbines with Minsmere Power Limited collecting the Feed In Tariffs for the generation of the electricity and the export tariff of any electricity unused by the home.
Location: Norfolk
MW: 0.35
Subsidy: Feed-In Tariff
Penhale Solar Limited owns 338kW of rooftop solar assets installed across nine rooftop installations at eight schools located in Surrey, East Sussex and Kent. The schools receive free electricity generated by the solar modules and the Company receives Feed-In Tariff and export revenue.
Location: England
MW: 338kW
Subsidy: Feed-In Tariff
Date of Commission: Commenced in 2013
Gresham House Renewable Energy VCT 2 plc Board
Investment team
Distribution team
Distribution team
Distribution team
Investor relations queries
Shareholder information
MUFG Corporate Markets (previously called Link Group) is The VCT’s registrar and they offer many services to make managing your shareholding easier and more efficient.
14 April 2025: Signal Shares migration to Investor Centre platform
- Investor Centre is a simple, convenient, and secure way to administer your investments online. With Investor Centre you can: manage multiple holdings in one place;
- access digital documents including transaction history and tax statements;
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- update personal information and preferences;
Signal Shares will no longer be available after the migration scheduled on 14 April 2025.
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use the web: https://uk.investorcentre.mpms.mufg.com/login; or download the free mobile app (download on both the Apple App Store and Google Play; or
by scanning the relevant QR code below:
Customer Support Centre
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By phone – UK – 0371 664 0324
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Share fraud warning
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While high profits are promised, those who buy or sell shares in this way usually lose their money.
The Financial Conduct Authority (FCA) has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200m lost in the UK each year.
Protect yourself
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Report a scam
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If you have already paid money to share fraudsters you should contact Action Fraud on 0300 123 2040.
Shareholder information
View the key shareholder information for this company.
Please note the above numbers are indicative only.
Dividend history
Ordinary Shares – Past Dividends
| Type | Pence per share | |
|---|---|---|
| 30 March 2012 | Final | 3.50 |
| 28 March 2013 | Final | 5.00 |
| 28 February 2014 | Special | 7.30 |
| 28 March 2014 | Final | 5.00 |
| 18 September 2015 | Interim | 5.00 |
| 16 September 2016 | Interim | 5.00 |
| 15 September 2017 | Interim | 5.00 |
| 14 December 2018 | Interim | 5.50 |
| 20 December 2019 | Interim | 5.31 |
| 31 December 2020 | Interim | 5.31 |
| 27 January 2023 | Interim | 2.00 |
| 28 July 2023 | Interim | 16.50 |
| 21 December 2023 | Interim | 7.5 |
| Total | 77.92 |
A Shares
| Date paid | Type | Pence per share |
|---|---|---|
| 28 February 2014 | Special | 3.70 |
| 14 December 2018 | Interim | 0.50 |
| 20 December 2019 | Interim | 0.49 |
| 31 December 2020 | Interim | 0.49 |
| Total | 5.18 |
Latest dividends
7.5p per Ordinary Share paid on 21 December 2023 to Shareholders on the register as at close of business on 1 December 2023.
| VCT 2 DETAILS | ADDITIONAL INFORMATION |
| Ordinary Shares: | Directors: |
| TIDM Code: GV2O ISIN number: GB00B43GVJ82 SEDOL number: B43GVJ8 | Christian Yates (Chairman) Matthew Evans Giles Clark |
| A Shares: | Company Secretary, Administration Adviser and Registered Office: |
| TIDM Code: GV2A ISIN number: GB00B4KWC525 SEDOL number: B4KWC52 | JTC (UK) Limited 18th Floor The Scalpel, 52 Lime Street London EC3M 7AF |
| Shareholder Circular: | Investment Adviser: |
| The Company published a Shareholder Circular dated 16 October 2017 in connection with proposals for the reorganisation of the Company. | Gresham House Asset Management Limited 80 Cheapside London EC2V 6EE T: 020 3837 6270 W: www.greshamhouse.com |
| Latest dividends: | Registrar: |
| 5.5p per per Ordinary Share paid on 31 December 2020 to Shareholders on the register at 11 December 2020. | Link Asset Services The Registry 34 Beckenham Road Beckenham Kent BR3 4TU T: 0871 664 0324 (calls cost 12p per minute plus network extras, lines open Monday to Friday 0900 to 1730) W: www.linkassetservices.com |
| Next dividends: | |
| TBC |
