Anesco Community Energy Doubles Its Solar Farm Portfolio
Anesco Community Energy has purchased another two solar farms.
It has agreed the purchase of the sites from Anesco Ltd following its acquisition of solar farms in Chesterfield and Stratford in March and brings its generation capacity to 19MW, including 4MWh of battery storage.
Anesco Community Energy worked with Close Brothers to finance the buying of the "˜Willows' and "˜Poplars' solar sites, both located in Stratford-upon-Avon.
Each of the new farms will be fitted with a battery storage unit, which will enable the site to store electricity and release it at a time when the grid needs it most.
Like their predecessors in Chesterfield and Stratford, the new solar sites will have a public funding element, meaning anyone living in the UK has the opportunity of investing in the solar farms. Members of the public will be able to invest in the projects through the purchase of solar bonds and a portion of profits from the sale of power will be given to local charities.
Adrian Pike, chairman of Anesco Community Energy, said: "We've been delighted with the acquisition of the Chesterfield and Stratford sites so to replicate that success is the logical next step. We'll be looking to open up the two new projects for public investment through our peer to peer lending partner, Trillion Fund, within the next few weeks so that members of the public have the opportunity to invest in these new community energy projects."
Commenting on Anesco Community Energy's future plans Adrian said: "The funding we have received from Close Brothers has allowed us to really hit the ground running, purchasing four solar farms within just two months of setting up. This latest investment will enable us to expand our portfolio even further in the coming months and progress our mission to combat climate change while having a positive impact on local communities."
Anesco Community Energy was launched in April and brings together the leading forces in renewable energy, finance and energy efficiency. The company aims to reduce the UK's carbon footprint while boosting community groups across the country by allowing members of the public and businesses to invest in renewable projects such as solar farms.
