Asset management company Gresham House has signed a £100 million deal with Anesco to buy 200MW of solar farms.
It has acquired four different solar farms across the UK, in Gloucestershire, Derbyshire and Lincolnshire.
The latest farm it has acquired is based in Devon and is estimated to produce enough renewable energy to power 5,000 homes and prevent 4,500 tonnes of carbon being emitted each year.
Anesco will monitor the operations and maintenance of the farms, with ownership moving to the firm with £7.3 billion in assets under management.
Wayne Cranstone, Investment Director at Gresham House, said: “It is great to acquire this latest project from Anesco.
“The site has been sensitively developed with attention to biodiversity enhancement as well as ensuring quality construction and efficient operation. We continue to support new build solar to increase the UK’s drive towards self-sufficiency in renewable energy.”
Sarah Webb, Business Development Director at Anesco, added: “We have progressed [four large-scale solar projects] to the investment-ready stage for Gresham House and we will be continuing to add to that total very soon.”