Anesco, Gresham House tie up in 200-MW UK solar spree

January 21 (Renewables N0w) - UK solar developer Anesco Ltd and Gresham House have entered an over GBP-100-million (USD 137.4m/EUR 113.2m) partnership for the development and construction of 200 MW of solar parks in the UK.

Under the three-year deal announced on Thursday, alternative asset manager Gresham House, will provide financing for the portfolio, which includes shovel-ready projects that are part of Anesco’s development pipeline. Anesco, meanwhile, will take care of all engineering, procurement and construction (EPC) activities and will operate and maintain the plants, once commissioned.

The schemes in the portfolio have individual capacities ranging between 20 MW and 50 MW.

“By building on our existing relationship with Anesco we are securing access to a quality pipeline of unsubsidised assets developed by one of the leading developers in the country,” said Wayne Cranstone, Gresham House’s investment director.

Construction of the first photovoltaic (PV) park is expected to kick off later this year. The duo’s goal is to have the entire capacity up and running within the three-year term of their contract.

An advanced biodiversity management plan will be attached to each project, the partners said.

(GBP 1.0 = USD 1.374/EUR 1.132)

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