BBIP acquires over 20MW solar assets from Anesco

Adrian Pike green wallFORWEBAnesco has announced the sale of solar assets with a combined generation capacity of over 20MW to BBIP (Balfour Beatty Infrastructure Partners LP).

The fund has acquired three further solar PV sites based in Radstock and Culm Head in Somerset and Codford St Mary in Wiltshire.

The sites will be managed by Anesco through its comprehensive monitoring and maintenance service AnescoMeter, as part of a 20 year agreement. The service ensures the panels continue to generate at their optimal capacity, with any issues quickly rectified.

The asset management of all three sites, including all accounts, will also be handled by Anesco as part of the agreement.

Adrian Pike, CEO of Anesco, commented: “We’re delighted to have switched on another three solar farms for BBIP, which makes a total of six that they have purchased from us. Our strategy to develop sites in the winter months and build them in summer/autumn has paid dividends due to the unforeseen weather conditions in the UK”.

This agreement is the second time BBIP has acquired operational UK solar projects from Anesco. In March 2013 the group made its first investment, which included purchasing three sites with a combined capacity of almost 20MW from Anesco. The latest sale sees BBIP making its 10th acquisition of ground mounted operational UK solar assets.

Rob Gregor, managing partner for BBIP, commented: “We are pleased to deliver on our stated strategy for this investment company of building out a diversified, operating and defensive portfolio asset for the BBIP fund.”

Anesco works with business, local authorities, housing associations and homeowners looking to reduce their carbon emissions. The company has been named the UK’s fastest growing private company and is recognised and as one of the top 100 cleantech companies in the world.