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| TIDM | GV1O |
| Share Price | Loading... |
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Gresham House Renewable Energy VCT 1 PLC announced the completion of the sale of approximately 200 wind turbines with a total capacity of 1MW on 23 February 2026. The sale generated £559k in cash consideration and loan repayments, which compares to a NAV valuation of £552k as at 31 March 2025. The Company is continuing to work towards completing the sale of its remaining solar assets within the current quarter.
| Date | 6 Mar 2026 |
| Time | 15:51:05 |
| Category | Disposals |
| ID | 7349V |
6 March 2026
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 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.
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For further information, please contact:
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Gresham House Asset Management |
renewablevcts@greshamhouse.com |
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JTC (UK) Limited |
GreshamVCTs@jtcgroup.com |
LEI: 213800IVQHJXUQBAAC06