Gresham House Energy Storage Fund has added 45MW of battery projects to its portfolio.
The UK operational utility-scale battery storage fund said it has completed the acquisitions of a 35MW battery project located in North Shields, Tyne and Wear and a 10MW battery project located in Essex. Financial details were undisclosed.
Gresham House said the acquisitions increase the fund’s operational portfolio to 395MW.
John Leggate, chair of Gresham House Energy Storage Fund said: “As we approach our 400MW milestone, we are delighted to acquire the first two projects of the new pipeline we announced along with our £120m fundraise in November.
“These latest projects boost operational capacity by a further 13%, thereby underpinning dividend cover and representing a further step in our portfolio growth ambitions.”
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