Gresham House Energy Storage Fund is transitioning towards a trading-centric business model, with the company to upgrade all of its enhanced frequency response (EFR) battery storage sites to two-hour durations.
Gresham House Energy Storage Fund is targeting a market share of c.25% to 30% in the UK and Ireland in 2022 following an increase in earnings over 2021.
Gresham House has partnered Irish developer Strategic Power Projects to develop a solar and storage pipeline with a combined capacity of over 1GW.
Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020.
Gresham House has acquired a 50MW solar farm from Anesco as part of a £100 million partnership.
Solar Power Portal caught up with Anesco’s CEO Mark Futyan to discuss the company’s pipeline of projects, how module prices are impacting development and its strategic shift.
BayWa r.e. has been granted Provisional Acceptance for the repowering of Gresham House’s 4.984MWp ground mounted solar park Lake Farm.
Gresham House Energy Storage Fund has unveiled an 802MW pipeline, with 275MW of this currently funded and due to start construction shortly.
Gresham House Energy Storage Fund has completed the acquisition of the c.30MW Byers Brae project for a total value of £15.6 million, plus up to £0.35 million of deferred contingent consideration.
Virgin Money has agreed a new financing partnership with Gresham House Solar Distribution, providing a £18 million revolving credit facility to facilitate the growth of solar assets.
Gresham House has secured a Power Purchase Agreement (PPA) for a 4.3MW solar farm through renewable energy procurement platform Zeigo.
Alternative asset manager Gresham House has appointed James Lindsay as head of institutional business.
Gresham House's 30MW/30MWh Byers Brae battery storage project has been energised by Greek firm MYTILINEOS.
Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million.
Anesco is partnering with Gresham House for the development of a 200MW solar PV portfolio over the next three years.
Gresham House New Energy has welcomed a new investment director to develop the company’s unsubsidised renewables strategy.
Gresham House Energy Storage Fund has added a further 35MW to its portfolio with the acquisition of Tynemouth and completion of its Glassenbury B extension.
Gresham House Energy Storage Fund has raised £120 million to finance six new energy storage projects.
Gresham House Energy Storage Fund has outlined plans to “significantly increase” its portfolio as it launches a new share issuance programme.
Gresham House Energy Storage Fund has completed its investment in the 50MW/75MWh Thurcroft battery storage site.
Gresham House Energy Storage Fund has raised approximately £15 million by issuing a mix of short and medium-term secured power bonds.
Gresham House Energy Storage Fund (GRID) has continued its acquisition spree, buying two new development rights for 50MW projects from Arenko.
Gresham House Energy Storage Fund (GRID) has seen its Net Asset Value (NAV) per share fall 2.6p as a result of COVID-19 over the first half of 2020.
Gresham House has been exploring the possibility of introducing debt finance into the company for a “considerable period of time”, with the flexibility benefits pushing it towards a private offer.
Ministers have passed secondary legislation to allow battery storage to bypass the Nationally Significant Infrastructure Project process in Britain.
Gresham House Energy Storage Fund is aiming to raise £15 million to fund the acquisition of further additional battery storage projects.
Gresham House’s British Strategic Investment Fund (BSIF) is expanding its investment team with a new hire.
Gresham House Energy Storage Fund has acquired 41MW of energy storage in a £20.1 million transaction.
Gresham House has signed another optimisation deal, this time with Flexitricity for its 50MW/75MWh Thurcroft site.
Gresham House Energy Storage Fund (GRID) is planning to continue its spate of acquisitions, with plans to increase its portfolio by nearly 200MW over the course of 2020.