Gresham House has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds. It is expecetd to begin generating solar power in March 2020
The site, known as Bumpers, straddles the Chiltern 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 was the sixth solar farm sourced, designed and fully developed by Anesco and it is 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, said: “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.”