Gresham House Energy Storage Fund Plc GBP · LSE:GRID
Gresham House Energy Storage Fund Plc GBP — Gresham House Renewable Energy VCT 1 and VCT 2 — Shareholder Meeting (March 2024)
7 slides from Gresham House Energy Storage Fund Plc GBP's shareholder meeting presentation, Mar 19, 2024
Slide 1: Gresham House Renewable Energy VCT 1 and VCT 2 plc
Gresham House Renewable Energy VCT 1 and VCT 2 plc AGM, 19 March 2024 Performance for the full year 2023 and outlook Wayne Cranstone, Gresham House Asset Management Ltd, Investment Advisor
Slide 2: Disclaimer
Disclaimer This presentation (the Presentation) is issued on a confidential basis by Gresham House for No representation is being made that any investment will or is likely to achieve profits or losses information purposes only. This Presentation, its contents and any information provided or similar
Slide 3: Repowered sites
Repowered sites The three sites whose inverters were repowered continue to perform well, although solar panel deterioration at Kingston and Lake Farm has impacted their performance in recent months. As a result, warranty claims are being pursued against the solar panel manufacturers. Repowered sites
Slide 4: Revenue
Revenue Following a period of high power prices due to Russia’s invasion of Ukraine, prices have now dropped back down to more normal levels. Similarly, inflation has fallen back closer to the Bank of England’s target of 2%, but still remains stubbornly high at circa 5% and so is expected to substan
Slide 5: South Marston
South Marston The Honda Manufacturing plant in Swindon where South Marston solar park supplies power, has been sold to Panattoni, a privately owned industrial property developer. Panattoni have obtained planning consent to convert the site into an industrial estate with multiple tenanted warehouse
Slide 6: Outlook
Outlook Despite debt repayments being inflation-linked, the ongoing higher average projected revenues generated per kWh are expected to result in strong portfolio cash inflows over 2024 and 2025 This depends on the successful resolution of the warranty claims, good ongoing operational performance an
Slide 7: Slide 7
Gresham House Renewable Energy VCT 1 and VCT 2 — Shareholder Meeting (March 2024) on 6ix