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.”

FIMER Powers UK Largest Rooftop Solar Project
SOLARWATT Links With Easy Roof To Provide Building-integrated PV For Better-looking Buildings And Smart EV Charging
UK'S Largest Battery Ready To Balance The Grid
Power Roll Trials Solar PV To Power Up Himalayan Villages
Ingenious Invests In Electric Vehicle Charging Firm
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Habitat Enerdy Enters Balancing Mechanism With Largest Battery
FRV And Harmony Energy To Develop Second UK Utility Scale Battery Project
NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
TLT Advises Innova Energy On £30m Refinancing Of 57 MW Solar Portfolio
TLT Advises Santander On 30MW Flagship Battery Storage Project
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
Tandem PV Devices Feel The Heat
Low Carbon Develop UK’s Largest Community-owned Solar Park
Sharp Launches New 440W Half-cut Cell PV Panel
Solar Power As Rental Offer Launched By Aggreko
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
The Smarter E South America Postponed To October 18-20, 2021
Greencoat Renewables Announces First Transaction In Nordic Market
UK Green Tech Company Myenergi To Double Workforce By 2021
New Innovation Set To Change Renewable Energy Market
×
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} Array
Live Event