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Anesco appoints Mark Futyan as CEO

Mark Futyan – Chief Executive Officer

Anesco has appointed energy sector specialist Mark Futyan as Chief Executive Officer.

Mark joins Anesco as part of a longstanding CEO succession plan for Kevin Mouatt, who will step down at the end of March. The pair have been working closely together, to ensure a smooth transition of leadership and Kevin will continue to support the business in a non-executive capacity.

With a career within the energy industry that spans more than 20 years, Mark joins Anesco from Centrica, parent company of British Gas, where he most recently held the position of Distributed Power Systems Director. Mark was responsible for Centrica’s international power generation and storage portfolio, along with strategy, change and market innovation across the broader C&I energy services division. He holds a Chemical Engineering degree from Cambridge and an MBA from Columbia Business School.

Kevin Mouatt leaves Anesco to take up a new position in April, following a successful four-year tenure that has seen sustained growth for Anesco’s O&M and ECO divisions, as well as the development of the UK’s first subsidy-free solar farm ‘Clayhill’ – a landmark achievement for the industry that was met with worldwide acclaim.

Commenting on his appointment, Mark said: “I am delighted to join Anesco, a company with a passion for innovation that’s never afraid to break new ground and which has a unique capability to support the UK’s transition to a low carbon future.”

He continued: “The board and I would like to thank Kevin for all he has done and we will be looking to build on these foundations moving forward, with ambitious plans for growth and driving a cleaner, greener future. Anesco remains committed to supporting our clients to realise the full commercial and environmental potential of renewable energy, while strengthening our position as a leading player in the industry.”

Kevin commented: “I have very much enjoyed my time at Anesco and it has been a privilege to lead on projects such as Clayhill, which have been a gamechanger for the industry. I am delighted to continue my involvement with Anesco as a Non-Executive board member.

“Spearheading the use of 1500v string inverters, which was a first for Europe, is something I am particularly proud of. So too are the industry-leading advancements we have made to the O&M business, including in the area of predictive maintenance, and our stringent health and safety and efficiency processes.

He added: “People have always been at the heart of Anesco and I thank the whole team for their hard work and dedication and wish them well for the future.”

Established in Reading in 2010, Anesco is a UK market leader in renewable energy and energy efficiency. The company has developed more than 100 solar farms to date, while its renewables operation and maintenance arm has nearly 1GW of renewable energy under management.

Gresham House acquires 12MW Bumpers battery-ready solar farm from Anesco

Gresham House, the specialist alternative asset manager, has purchased a 12MW battery-ready solar farm from renewables developer Anesco for one of its New Energy funds.

Bumpers straddles the Chiltern Main railway line just west of Princes Risborough and is adjacent to the Ilmer Grid substation, giving it the potential for co-locating battery storage in the future.

The site has commenced construction, with Bumpers expected to begin generating solar power in March 2020. Once operational, it is forecast to produce enough energy to supply 2,800 homes and save 5,000 tonnes of carbon dioxide each year. On completion, the site will benefit from enhanced habitat management measures. These will support local ecology, in particular at-risk bird and bat species, in line with Gresham House’s commitment to sustainable development.

The site was sourced, designed and fully developed by Anesco. It represents the sixth Anesco solar farm and the first subsidy-free Anesco installation acquired by Gresham House. It will be monitored and maintained by Anesco’s operations and maintenance team for the next 25 years, to ensure continued optimal efficiency. Gresham House acquired Bumpers Farm through its fund, FIM Solar Distribution LLP.

Wayne Cranstone, Investment Director, Gresham House, commented: “We are delighted to have bought another well-designed and constructed asset from Anesco, further cementing our longstanding relationship.

“We continue to actively expand our ground-mounted solar and battery storage portfolio, to meet the increasing demand for reliable renewable power from energy consumers and investors looking for attractive income. As a battery-ready site, Bumpers has the potential to capture higher energy prices for energy during periods of low electricity demand, further increasing potential returns for our investors.”

Lily Coles, Anesco Commercial Director, said: “The pace of decarbonisation is accelerating, and we are proud to be playing our part through relationships with experienced renewables investors like Gresham House.

“Ground-mounted solar is an established technology and mainstream infrastructure investment that delivers attractive returns, with low operational risk and consistent, predictable cashflow.”

Steve Shine, Anesco Executive Chairman, added: “Both solar and battery storage technology have an important role to play in the UK’s transition to a net zero economy.”

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.