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Gresham House sells 50MW grid level battery storage project for at least £32.5 million
StockMarketWire.com
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Alternative asset manager Gresham House said it had sold a 50MW battery-only project to Gresham House Energy Storage Fund on 30 October 2020 to Gresham House Energy Storage for £32.5 million plus up to £0.75 million of deferred contingent consideration.
After this sale, Gresham House would have an exposure of £3.6 million in the remaining battery storage development projects, with a further 50MW disposal expected to complete during 2020.
'Gresham House continues to build and develop a pipeline of projects that are expected to be transferred to GRID in 2020 and beyond,' it company said.
At 9:23am: (LON:GHE) Gresham House Plc share price was 0p at 732.5p
Story provided by StockMarketWire.com
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