The shovel-ready sites form part of Anesco’s growing development pipeline. All engineering, procurement and construction will be handled by Anesco, with the company also providing long term operations and maintenance once the sites are energised. The development and construction partnership will span three years. With a value in excess £100 million, it is Anesco’s largest transaction to date and will underpin significant growth in the coming years.
Each solar farm will benefit from an advanced biodiversity management plan, designed to support local flora and create habitats for the most at-risk species. Construction of the first site is expected to commence later this year, with the full 200 MW portfolio anticipated to be completed within the three year period.
The agreement forms part of a long-standing relationship between the two companies. Last year, this saw Gresham House purchasing its first subsidy free site, a 12 MW solar farm from Anesco for one of its renewable energy funds.
“We’re delighted to be working with Gresham House on this project and to once again be demonstrating our full lifecycle engineering capabilities” said Mark Futyan, Anesco CEO. “At Anesco, we specialise in providing a complete turnkey solution for renewables investors, which spans from development and construction, to maintenance and optimisation. Having built a 1GW solar pipeline in the UK, we look forward to collaborating with partners such as Gresham House, to increase the country’s renewable energy supply.”
Wayne Cranstone, Gresham House Investment Director, added that by building on its existing relationship with Anesco, Gresham House is securing access to a quality pipeline of unsubsidised assets developed by one of the leading developers in the country.
“At Gresham House we take sustainable investment seriously” Mr Cranstone said. “This portfolio provides new renewable energy generation to support the UK’s net zero carbon emissions targets and its biodiversity plans align with our wider ESG objectives. Anesco’s ability to develop, build and operate these assets in a sustainable way while delivering strong returns for our investors makes them an ideal partner for us”.
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