Gresham House is funding the development of a £100m (€113.1m) UK solar portfolio in a partnership with renewable energy firm Anesco.

The portfolio of grid-scale assets, which will comprise sites ranging in size from 20MW to 50MW generation capacity form part of Anesco’s development pipeline. The development and construction partnership will span three years.

The latest deal forms part of a relationship between the two companies and follows Gresham House’s last year acquisition of a 12MW solar farm from Anesco.

Mark Futyan, Anesco CEO, said: “We’re delighted to be working with Gresham House on this project and to once again be demonstrating our full lifecycle engineering capabilities.

“At Anesco, we specialise in providing a complete turnkey solution for renewables investors, which spans from development and construction to maintenance and optimisation.”

Wayne Cranstone, Gresham House investment director, said: “By building on our existing relationship with Anesco we are securing access to a quality pipeline of unsubsidised assets developed by one of the leading developers in the country.”

Cranstone said this portfolio provides new renewable energy generation to support the UK’s net-zero carbon emissions targets and its biodiversity plans align with the firm’s wider ESG objectives.

” Anesco’s ability to develop, build and operate these assets in a sustainable way while delivering strong returns for our investors makes them an ideal partner for us.”

To read the digital edition of the latest IPE Real Assets magazine click here.