Completion of Sale of Wind Assets

Summary by AI BETAClose X

Gresham House Renewable Energy VCT 2 PLC has completed the sale of approximately 200 wind turbines, totaling 1MW in capacity, for £559k in cash and loan repayments, exceeding the £552k NAV valuation as of March 31, 2025. The company also noted that the sale of its remaining solar assets, initially anticipated for Q1 2026, faced complications due to consultations on inflation indexation changes within the Renewables Obligation scheme, though commercial arrangements have been agreed upon and efforts continue to finalize the sale within the quarter.

Disclaimer*

Gresham House Renewable EnergyVCT2
06 March 2026
 

6 March 2026

 

GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC

(the "Company", the "VCT")

Completion of Sale of Wind Assets

 

The Board of the VCT 1 and VCT 2 are pleased to announce that the sale completed on 23 February 2026 of around 200 wind turbines with a total capacity of approximately 1MW for cash consideration and loan repayments totalling £559k.  This compares to a NAV valuation of £552k as at 31 March 2025.

On 1 December 2025, the Company announced that completion of the sale of the VCT's remaining solar assets might be delayed to Q1 2026 as a result of the consultation issued by the Department for Energy Security & Net Zero on changes to inflation indexation in the Renewables Obligation scheme. This has proved to be a complicating factor but appropriate commercial arrangements have been agreed with the proposed purchaser.

The Company is continuing to work hard to complete the sale within the quarter.

END

For further information, please contact:

Gresham House Asset Management
Investor Relations

renewablevcts@greshamhouse.com
Tel: 020 3875 9860

 


JTC (UK) Limited
Company Secretary

GreshamVCTs@jtcgroup.com  
Tel: 020 3846 9774

 

LEI: 213800GQ3JQE2M214C75

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings