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LONDON - Gresham House Renewable Energy VCT 1 PLC has reported significant progress in its ongoing efforts to sell its remaining assets, as per a statement released on April 24, 2025. The company, which previously faced challenges due to the closure of the Honda (NYSE:HMC) factory in Swindon, has successfully renegotiated the grid connection for its South Marston project with the new landowner and its lenders. This resolution eliminates the concerns potential buyers had about power export capabilities from the site.
Additionally, the company’s Investment Advisor has secured warranty claims for replacement equipment at two of its projects. This move is expected to enhance the output and generate additional revenue once the equipment is in place.
These developments come after a period of uncertainty and delays, which the Board acknowledges have been a source of frustration for shareholders. With the resolution of the grid connection issues and the warranty claims, the assets are now more appealing to potential buyers. The Board is currently in discussions with several interested parties and aims to complete the sale by late summer, ensuring maximum returns for its shareholders.
The company will continue to update its shareholders on the progress of the sales process. This update is based on a press release statement from Gresham House Renewable Energy VCT 1 PLC.
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