TIDMFSFL 
 
 
   Foresight Solar Fund Limited ("The Company") 
 
   Additional 39.6MW of solar power plants now connected to the grid and 
operational 
 
 
   -- The Company's 17.8MW Castle Eaton (Swindon SPV), 12.2MW Highfields 
      (Chelmsford SPV) and 9.6MW High Penn (Calne SPV) solar power plants all 
      connected to the grid and operational. 
 
   -- In line with all other portfolio assets and its overall low risk strategy, 
      the Company did not take the construction risk in concluding these 
      projects. 
 
   -- The Company's GBP150m of funds were 100% committed at IPO. 
 
   -- Further announcements expected shortly. 
 
 
   Foresight Solar Fund Limited ("the Company") is pleased to announce that 
the 17.8MW Castle Eaton (Swindon SPV), the 12.2MW Highfields (Chelmsford 
SPV) and the 9.6MW High Penn (Calne SPV) assets are each now grid 
connected and producing electricity. 
 
   All three plants were identified in the Company's IPO Prospectus as part 
of the "Committed Portfolio" with legally binding contracts in place for 
their acquisition subject to certain conditions being met by the 
developer of the plants. These included the plants being built to the 
required standard and their successful connections to the grid. 
 
   All three plants have been acquired from SunEdison. They were acquired 
for considerations of GBP22.6m, GBP15.8m and GBP12.6m respectively. 
 
   At IPO, the Company's GBP150 million funds were fully allocated to a 
"Committed Portfolio" of large scale UK solar assets which included a 
total of 55MW to be acquired from SunEdison. The 32MW Wymeswold plant 
has been operational and accruing revenues for the Company since 
November 2013. 
 
   The Company continues to confirm its intent to deliver a target dividend 
of 6p per ordinary share in respect of its first financial year, rising 
annually with RPI thereafter, and enabling the Company to support its 
strategy to sustain the NAV, offering the potential for further capital 
growth. 
 
   Further announcements are expected shortly. 
 
   ENDS 
 
   For further information 
 
   Sarah Cole                        scole@foresightgroup.eu 
01732 471 863 
 
   Notes to Editors 
 
   About Foresight Solar Fund Limited ("The Company" or "FSFL") 
 
   FSFL is a Jersey-registered closed-end investment company. The Company 
invests in ground based solar power assets to achieve its objective of 
providing Shareholders with a sustainable and increasing dividend with 
the potential for capital growth over the long-term. 
 
   The Company raised proceeds of GBP150m through an initial public 
offering ("IPO") of shares on the main market of the London Stock 
Exchange in October 2013. 
 
   About Foresight Group 
 
   Foresight Group was established in 1984 and today is a leading 
independent infrastructure and private equity investment manager with 
over GBP1 billion of assets under management. As one of the UK's leading 
solar infrastructure investment teams Foresight funds currently manage 
over GBP650 million in 27 separate operating Photovoltaic ("PV") plants 
in the UK, the USA, Italy and Spain. 
 
   In May 2013 Foresight executed an innovative refinancing of its existing 
UK solar assets through the issue of a GBP60m London Stock Exchange 
listed index-linked Solar Bond. 
 
   Foresight Group has offices in the UK, the USA and Italy. 
 
   www.foresightgroup.eu 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight Solar Fund Limited via Globenewswire 
 
   HUG#1772762 
 
 
 
 

Foresight Solar (LSE:FSFL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Foresight Solar Charts.
Foresight Solar (LSE:FSFL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Foresight Solar Charts.