Gresham House has sold a battery storage project near Rotherham to Gresham House Energy Storage Fund (GRID) for £32.5m.
The investment will return an initial net gain of £1.8m, of which £800,000 will be received within the next 12 months.
Following the sale, Gresham House has an exposure of £3.6m in the remaining battery storage development projects it has funded, which are in exclusivity with GRID.
Chief executive Tony Dalwood said: “This is another example of our ongoing commitment to investing in sustainable, resilient assets that deliver long-term value for our clients and exceed return hurdles for shareholders.”
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