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Gresham House plc

Gresham House to finance 245MW of energy storage with £120m fundraise

Gresham House Energy Storage Fund has raised £120 million to finance six new energy storage projects.

These new near-term acquisitions – totalling 245MW – are part of its c.485MW new pipeline, although small amounts of the funds will go towards existing energy storage projects.

The funding came from an initial placing and initial offer for subscription, both of which launched on 10 November. They form part of a new share issuance programme to be conducted over the next year, which will finance the full c.485MW portfolio.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.