Anesco bags £12m to fund renewables from Santander

It will now build five battery storage projects and three solar farms

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Reading-based renewable energy company Anesco has secured £12 million in funding from Santander to build new renewable projects across the UK.

These include five battery storage projects in Dundee, Melksham, Nottingham, Ipswich and Essex, as well as three solar farms in England and South Wales.

The company is hopeful all projects will be operational in 2023.

Mark Browning, Chief Financial Officer at Anesco, said: “Santander’s funding is key to supporting our working capital requirements as we embark on an ambitious build programme in the coming years.

“We are contracted to deliver large scale solar and energy storage projects over the next 12 months and Santander’s support will not only make the delivery of these projects possible but accelerate our development pipeline by enabling us to bring more renewables projects to market in the UK.”

Santander strongly supports clients such as Anesco that are bringing positive environmental change to the energy sectors in the UK and Europe,” added Santander UK’s Steve Bateman.