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Gresham House targets new solar energy assets

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Gresham House is expanding the FIM Solar Distribution Fund opening subscription for its new “D” Partnership Shares, subject to a minimum investment of £95,040.

The alternative fund manager, which specialises in UK-based sustainable forestry and renewable energy investments, acquired the fund two months ago.

FIM Solar Distribution is an established trading partnership which already owns six UK solar parks with an enterprise value of £45m. The capital raised as a result of the subscription will be combined with the fund’s existing cash resources to acquire additional solar parks.

The fund’s objective is to provide a high level of income for members through semi-annual cash distributions from the ownership of a diversified portfolio of UK solar parks in a managed vehicle.

Ben Guest, Head of New Energy at Gresham House, said: “This Fund expansion will enable us to meet the growing demand we are seeing from investors interested in solar assets. Ground-mounted solar parks are now a proven mainstream asset class delivering attractive
returns, with a combination of low operational risk and high levels of annuity style cash flows.”

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