Virgin Money backs Gresham House solar distribution in multi-million pound deal


In line with Virgin Money’s strategy to at least halve carbon emissions across everything the bank finances by 2030, this is the bank’s first major step towards possessing a loan book comprising at least 5% in sustainable lending by FY22.

The Gresham House alternative investment fund has successfully raised more than £49m from investors to date and currently owns eight operational ground-mounted solar parks in England and Wales. With a total capacity of 48MW, the portfolio generates more than 45GWh of electricity per year – enough to supply more than 12,500 homes and save more than 20,000 tonnes of carbon dioxide emissions annually.


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