The acquisition of the ‘Willows’ and ‘Poplars’ solar sites, both located in Stratford-upon-Avon, brings the company’s generation capacity to 19 MW, including 4 MWh of battery storage. The company worked with Close Brothers to finance the deal. Each of the two new farms will be fitted with a battery storage unit, enabling the site to store electricity until such time it is needed most by the grid.
As with their predecessors in Chesterfield and Stratford, the new solar sites will incorporate a public funding element enabling anyone living in the UK to invest via the purchase of solar bonds. A portion of the profits from the sale of power generated by each site will be donated to local charities.
“We’ve been delighted with the acquisition of the Chesterfield and Stratford sites so to replicate that success is the logical next step” said Adrian Pike, chairman of Anesco Community Energy. “We’ll be looking to open up the two new projects for public investment through our peer to peer lending partner, Trillion Fund, within the next few weeks so that members of the public have the opportunity to invest in these new community energy projects.”
Mr Pike added that this latest investment will enable Anesco Community Energy to expand its portfolio even further in the coming months and advance its mission to help combat climate change while also having a positive impact on local communities.
The announcement comes as the fund raising for the Chesterfield and Stratford solar sites come to a close. Both these sites have exceeded expectations with regard to the amount of power generated within their first month of operation.
Anesco Community Energy was launched in April and brings together leading forces in renewable energy, finance and energy efficiency. The company aims to reduce the UK’s carbon footprint while boosting community groups across the country by allowing members of the public and businesses to invest in renewable projects such as solar farms.
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