The Bumpers solar farm 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, and the solar farm is 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 is the sixth Anesco solar farm and the first subsidy-free Anesco installation acquired by Gresham House and 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.
“We are delighted to have bought another well-designed and constructed asset from Anesco, further cementing our longstanding relationship” said Wayne Cranstone, Investment Director, Gresham House. “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, added that the pace of decarbonisation is accelerating, and that Anesco is proud to be playing its part through relationships with experienced renewables investors like Gresham House.
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