Anesco sells 81 MW of battery storage to Gore Street

UK developer Anesco on Friday said it has sold an 81-MW battery storage portfolio to Gore Street Energy Storage Fund plc (LON:GSF).

For GBP 29.2 million (USD 37.8m/EUR 32.4m), Gore Street bought 14 UK-based storage assets with capacities ranging from 1 MW to 20 MW.

The transaction amount includes GBP 21.1 million of cash, GBP 7.1 million of Gore Street shares and GBP 1.0 million of deferred contingent payments.

As part of the agreement, Anesco will provide operation and maintenance (O&M) and asset optimisation services for the batteries. The parties also plan to have Anesco provide full revenue optimisation services for these and other assets owned by Gore Street.

Anesco’s latest disposal comes three months after the company sold the Clayhill solar-plus-storage plant in England to power infrastructure company Gridserve. Anesco then said it was selling its completed projects to focus on providing full life-cycle engineering services.

The company has so far developed 115 utility-scale solar and energy storage projects, accumulating over 650 MW-worth of experience.

With Anesco’s batteries, Gore Street boosts the total storage asset portfolio to 320 MW.

(GBP 1.0 = USD 1.295/EUR 1.109)

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