Alternative and sustainable asset manager Gresham House has bought from developer Anescoa 12MW solar farm in England that is ready for the addition of a battery at a later date.
The Bumpers site has commenced construction and will begin generating power in March.
Bumpers straddles the Chiltern Main 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.
A battery would allow for capturing higher energy prices during periods of low electricity demand, further increasing potential returns for Gresham House fund investors.
The site, which was sourced, designed and fully developed by Anesco, represents the sixth Anesco solar farm and the first subsidy-free Anesco installation acquired by Gresham House.
Bumpers will be monitored and maintained by Anesco’s operations and maintenance team for 25 years, to ensure continued optimal efficiency.
Gresham House acquired Bumpers through its fund, FIM Solar Distribution.
On completion, the site will benefit from enhanced habitat management measures. These will support local ecology, in particular at-risk bird and bat species, in line with Gresham House’s commitment to sustainable development.
Gresham House investment director Wayne Cranstone said: “We are delighted to have bought another well-designed and constructed asset from Anesco, further cementing our longstanding relationship.
“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.”
Anesco commercial director Lily Coles said: “The pace of decarbonisation is accelerating, and we are proud to be playing our part through relationships with experienced renewables investors like Gresham House.
“Ground-mounted solar is an established technology and mainstream infrastructure investment that delivers attractive returns, with low operational risk and consistent, predictable cashflow.”