Info
Info
News Article

Gresham House Acquires 12MW Bumpers Battery-ready Solar Farm From Anesco

News

Gresham House, the specialist alternative asset manager, has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds. Bumpers straddles the Chiltern Main railway line just west of Princes Risborough and is adjacent to the Ilmer Grid substation, giving it the potential for co-locating battery storage in the future.

The site has commenced construction, with Bumpers expected to begin generating solar power in March 2020. Once operational, it is forecast to produce enough energy to supply 2,800 homes and save 5,000 tonnes of carbon dioxide each year. On completion, the site will benefit from enhanced habitat management measures. These will support local ecology, in particular at-risk bird and bat species, in line with Gresham House's commitment to sustainable development.

The site was sourced, designed and fully developed by Anesco. It represents the sixth Anesco solar farm and the first subsidy-free Anesco installation acquired by Gresham House. It will be monitored and maintained by Anesco's operations and maintenance team for the next 25 years, to ensure continued optimal efficiency. Gresham House acquired Bumpers Farm through its fund, FIM Solar Distribution LLP.

Wayne Cranstone, Investment Director, Gresham House, commented: “We are delighted to have bought another well-designed and constructed asset from Anesco, further cementing our longstanding relationship.

“We continue to actively expand our ground-mounted solar and battery storage portfolio, to meet the increasing demand for reliable renewable power from energy consumers and investors looking for attractive income. As a battery-ready site, Bumpers has the potential to capture higher energy prices for energy during periods of low electricity demand, further increasing potential returns for our investors.”

Lily Coles, Anesco Commercial Director, said: “The pace of decarbonisation is accelerating, and we are proud to be playing our part through relationships with experienced renewables investors like Gresham House.

“Ground-mounted solar is an established technology and mainstream infrastructure investment that delivers attractive returns, with low operational risk and consistent, predictable cashflow.”

Steve Shine, Anesco Executive Chairman, added: “Both solar and battery storage technology have an important role to play in the UK's transition to a net zero economy.”

Perovskite Ageing: Improving Stability
12MW Solar Farm Powers Up In Buckinghamshire
The Smarter E Europe Is Canceled
Shedding Light On Underwater Solar Cells
The Future Of Contracts For Difference: Department For Business, Energy, & Industrial Strategy's Proposed Changes
Sweden’s Svea Solar Acquires Solarcentury’s Residential Solar Business
Perovskite Stability: New Insights
NextEnergy Capital Acquires The First Phase Of A 108MWp Solar PV Project Under Construction In Mexico
SolarEdge Launching Interactive, Virtual Solar Show
SOLARWATT Extends Its Footprint In Ireland
FIMER Becomes The 4th Largest Solar Inverter Supplier In The World
UNIST Team Develops Solution-processed Hybrid Tandem Cells
Green Jobs Could Increase 85% In 10 Years With Government Support
Perovskite Tandem Provides 25.7 Percent Efficiency
Siemens Unveils UK’s First Residential Avenue Fully Converted To Provide Lamppost EV Charging Points
Veolia Help Group Water Scheme Launch Solar Energy Project
Q CELLS Wins N-tv Germany Life & Living Award 2020 For Most Popular Provider Of Solar Technology
A Simple Way To Detect Tiny Imperfections
Fronius And BYD Secure First Place In PV Home Storage System Inspection
Production Starts In Europe’s First Gigafactory For Energy Storage Systems
Charging The UK To Power An EV Future
Global Solar Council Engages Solar Businesses To Track Effects Of COVID-19 Emergency And Understand Possible Scenarios
Coronavirus: ENERGY STORAGE EUROPE 2020 Postponed
NREL Boosts Stability Of Perovskites

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}