Anesco signs deal with Gresham House for 200MW solar portfolio

Anesco signs deal with Gresham House for 200MW solar portfolio

Published: 21 Jan 2021, 12:45

The Bumpers solar farm, which was developed by Anesco before being sold to Gresham House last year. Image: Anesco.

Anesco is partnering with Gresham House for the development of a 200MW solar PV portfolio.

Whilst Gresham House will fund the portfolio – which consists of assets ranging from 20MW to 50MW – all engineering, procurement and construction (EPC) will be handled by Anesco, which is also to provide long-term operations and maintenance following energisation of the sites.

The development and construction partnership is to last three years, with the transaction – which has a value in excess of £100 million – being Anesco’s largest to date. The two companies already having a long-standing relationship, with Gresham House acquiring Anesco’s 12MW Bumpers solar farm in 2020. This was the sixth solar asset and the first subsidy-free solar asset Gresham House acquired from Anesco.

Wayne Cranstone, Gresham House investment director, said that by building on this relationship the company is “securing access to a quality pipeline of unsubsidised assets developed by one of the leading developers in the country”.

Anesco, meanwhile, has built a 1GW pipeline in the UK, with Mark Futyan, Anesco CEO, stating that the company is delighted to “once again be demonstrating our full lifecycle engineering capabilities”.

Last year, it sold an 81MW battery storage portfolio to Gore Street Energy Storage Fund in a £28.2 million transaction. This came several months after GRIDSERVE acquired Anesco’s subsidy-free Clayhill solar-plus-storage site.

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