Gresham House buys 50-MW solar project from Anesco

Solar power installation. Source: Anesco Ltd.

August 3 (Renewables Now) - Gresham House New Energy has acquired a 50-MW solar project in Lincolnshire from renewables development partner Anesco, it was announced today.

Specifically, Gresham House has bought the Low Farm project that covers an area of 60 hectares near Skegness. It is the first asset being purchased as part of a previously announced three-year development and construction partnership in the UK valued at more than GBP 100 million (USD 139m/EUR 117m).

“Low Farm is the first large-scale solar project we’ve advanced to the investment ready stage as part of our partnership with Gresham House, with a second site soon to follow,” said Sarah Hitchcox, business development director at Anesco.

Construction, which will be handled solely by Anesco, is expected to start in 2022. The developer will also provide long term operations and maintenance once the plant is up and running.

(GBP 1.0 = USD 1.391/EUR 1.171)

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