Gresham House has acquired a 20-megawatt U.K. solar farm from Anesco as part of a three-year development and construction partnership valued at more than £100 million ($121.3 million).
Beavor Grange solar farm, located near Axminster, Devon, is the fourth U.K. site to transact under the 200-megawatt ground mount solar partnership. It follows the acquisition of two 20-megawatt solar farms located in Gloucestershire town Cirencester and Alfreton, in Derbyshire, earlier this year, as well as a 50-megawatt Low Farm in Lincolnshire last August.
Beavor Grange solar farm will cover an area of just less than 28 hectares (69.2 acres) and will be capable of generating enough clean energy to power about 5,000 homes, while helping to save about 4,500 tons of carbon emissions annually. The site will have a lifespan of 40 years, after which time it will be returned to its natural state.
“It is great to acquire this latest project from Anesco,” said Wayne Cranstone, inves