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Anesco’s O&M team secures 10 new solar farm contracts

Anesco is to provide operations and maintenance services for a further 10 UK solar farms, on behalf of Foresight Group and Alpha Real Renewables.

The 10 sites have a combined operational capacity of 71MW and take the total number of assets being looked after by Anesco’s O&M team to in excess of 22,000. The addition of the sites means Anesco is fast approaching its target of 1GW of UK solar and storage under management. This includes those owned by investment groups, local authorities and housing associations.

Commenting on the news, Julian Elsworth, Senior Portfolio Manager, Foresight Group, said: “We’ve been working with the team at Anesco for many years now and we’re very happy with the O&M services provided.

“Ensuring our renewable assets are operating at their optimal efficiency is of the utmost importance to us, so it’s crucial we have a team looking after them who react quickly but also help manage those assets in a way that optimises their performance.”

Anesco has an existing contract to provide technical and commercial asset management for 18 UK solar farms owned by Foresight Group. The latest contracts will see this portfolio increased to 24.
The four new sites for Alpha Real Renewables take the total capacity being looked after by Anesco for the investment services group to 81MW.

James Schwerdt, Portfolio Manager, Alpha Real Renewables, commented: “Anesco is a very competent counterparty, providing the stability and capability we are looking for, while crucially helping to maximise the availability and performance of our solar plants.”

Steve Shine, Anesco Executive Chairman, commented: “We’re delighted to have expanded our contracts with both Foresight Group and Alpha Real Renewables.

“Our proactive approach, combined with the results we achieve for our clients, is the reason our portfolio continues to grow, with our constructed projects performing an average 6.1% better in yield per year.”

Matt Harvey, Anesco Head of O&M added: “As a sector, renewables O&M has undergone a significant transformation in recent years. Modern O&M best practice is about maximising yield, through a complex process based on extensive data analysis and modelling. In the future, technologies such as AI and data mining will offer even greater opportunities, which is why this is an area we continue to invest heavily in.”

Anesco provides renewable asset O&M services to local authorities, housing associations, investors and commercial customers based across the UK, covering both domestic and commercial renewable energy installations. As one of the UK’s leading renewables developers, the company has a solar farm portfolio that exceeds 100 sites and is the UK market leader for energy storage.

 

Anesco targets growth with financial restructure

Anesco Head Office

Anesco Head Office – Berkshire

Anesco, alongside its principal shareholder and funder, Alcentra, has completed a financial restructuring that will see its balance sheet strengthened through significantly reducing the amount of borrowings in the group.

Commenting on the announcement, Anesco executive chairman, Steve Shine, said: “As Anesco approaches its milestone tenth year in operation, we continue to focus investment in our team members, our systems and infrastructure; with a commitment to strengthening our position as a leader in the UK’s renewables industry.

“Our growth to date has been founded on innovation and being first to market with new technologies and models of working that support the country’s drive towards a low-carbon economy. With a deleveraged balance sheet and stronger capital structure, we will be well placed to capitalise on new market opportunities.

“Our thanks go to the Board and our investors who continue to support us and our mission to help customers realise the full commercial potential of renewable energy and energy efficiency projects.”

Founded in Reading in 2010, Anesco is the UK market leader for solar and energy storage and has a grid-scale portfolio of battery and hybrid (solar and energy storage) sites totalling 96MW that it owns and operates. Complementing this, Anesco’s operations and maintenance arm has close to 1GW of assets under management and the company remains the largest independent managing agent for the Energy Company Obligation (ECO) in the country.

Anesco was the first company in the UK to achieve subsidy-free solar, first to introduce utility-scale energy storage, first to co-locate energy storage with existing solar sites, and the first to have a battery participate in National Grid’s balancing mechanism.