UK programmer Anesco sold to JV as it preps for fast growth

Jun 14, 2021 02:08 PM ET
  • UK-based solar programmer and also O&M service provider Anesco has been acquired by a joint venture between US private equity company Ara Partners and Aksiom Provider Group.
UK programmer Anesco sold to JV as it preps for fast growth
Image: Anesco

The acquisition-- for a concealed amount-- comes as the firm gets ready to supply what CEO Mark Futyan referred to as the next wave of large-scale subsidy-free solar and also energy storage space.

Anesco established the UK's very first subsidy-free solar farm-- the 10MW Clayhill website in Bedfordshire-- in 2017, which was then sold on to GRIDSERVE in August 2020. Having actually created and also built over 115 solar farms and also energy storage properties, Anesco also supplies procedures and maintenance (O&M) solutions with near 1.2 GW of eco-friendly properties under management.

Subsidy-free solar in the UK has actually grown dramatically over the last few years, with over 1GWp-dc of subsidy-free solar PV capability having been set up because incentives were gotten rid of by the UK federal government in Q1 2019, according to numbers released in April by Solar Media's in-house market research team.

As part of the procurement of Anesco, Futyan is to remain to lead the company, having actually joined in February 2020 from British energy Centrica, while concept investor as well as funder, Alcentra, will leave Anesco's shareholder base adhering to a six-year financial investment partnership.

"Anesco has created as well as shown a distinct and also high value-added commercial approach within the UK renewables market," said Luis Pais Correia, co-founder of Aksiom Group, which provides technological and also business services to the European framework market. He included that Anesco has substantial further potential to range rapidly in both the UK and also in other places in Europe.

Currently this year, Anesco has broadened right into North Ireland having secured 3 brand-new O&M agreements, one with Foresight, one with Downing LLP as well as one with Blackfinch Energy. Early in 2021, the firm likewise unveiled a partnership with Gresham House for the development of a 200MW solar portfolio, the design, purchase and building and construction (EPC) of which is to be managed by Anesco. The firm will certainly offer long-term O&M of the sites complying with energisation, while Gresham House will money the portfolio.

Other recent subsidy-free growths in the UK include NextEnergy Solar Fund's 115MWp portfolio which was completed in April, Elgin Energy's 210MW portfolio as well as Hive Energy's 13MW site in Warwickshire.

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