Mon, 1st Feb 2021 14:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Asiamet Resources Ltd - Indonesia-focussed copper and gold miner - Says it has received notice purported to be from largest shareholder, Aeternum Energy, requisitioning a special general meeting. The notice that has been received is not in a valid form and therefore directors are not required to act on it now, however it is apparent that our largest shareholder is seeking to take control of the company without fair and reasonable process or acquisition, Asiamet adds. This action immediately follows PT WIN, an Indonesian company owned by Aeturnum Energy, materially breaching the terms of a binding sale and purchase agreement with Asiamet for the acquisition of the company s KSK contract of work in Indonesia. Asiamet says seeking necessary advice , tells shareholders to take no action.
Published: 18 Jan 2021, 12:12
By:
Peter Bolton, new investment director at Gresham House New Energy. Image: Gresham House.
Gresham House New Energy has welcomed a new investment director to develop the company’s unsubsidised renewables strategy.
Peter Bolton is joining the company from Foresight, where he has worked for seven years including as investment director. He focused on the European renewables sector within this role, leading deals at development capital, greenfield, brownfield and exit processes stage. He also actively managed assets post-investment and held specialisms in the solar and bioenergy sectors, co-managing a listed solar fund.
Tony Dalwood, CEO of Gresham House said they were delighted to welcome Bolton during “an exciting period of growth for our New Energy business .
Reporter, Solar Media
Gresham House added the Wickham Market grid-scale battery project (pictured) to its portfolio among a wave of other acquisitions in the past few months alone. Image: Gresham House Energy Storage Fund.
Battery storage portfolio investor Gresham House Energy Storage Fund has acquired 55MW of UK projects in the past few weeks and completed a 10MW extension to an existing project.
Gresham House Energy Storage Fund, which is listed on the London Stock Exchange under the ticker symbol GRID, conditionally agreed to acquire its first project north of the English border in Scotland in a deal announced in late December.
Battery player Gresham acquires 25MW Tynemouth renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Gresham House s Glassenbury battery storage asset. Image: Gresham House Energy Storage Fund.
Gresham House Energy Storage Fund has added a further 35MW to its portfolio with the acquisition of Tynemouth and the completion of its Glassenbury B extension.
The 25MW battery-only Tynemouth site – which is connected to the distribution network – was commissioned in 2018 and generates availability-based contracted revenues from Enhanced Frequency Response services provided to National Grid.
It was acquired from Enel Global Thermal Generation and comes off the back of other recent acquisitions of the 50MW Wickham and also 50MW Thurcroft batteries, costing £32.75 million and £32.5 million respectively.
The acquisition of Tynemouth is being announced alongside the completion of construction of the 10MW expansion to Glassenbury in Kent, which was announced in February 2020 and is expected to be commissioned by 31 January 2021. Following this, the total operational capacity of Gresha