Foresight Solar has announced the completion of its acquisition of the 34.7MW Port Farm asset, located in Wiltshire. The solar farm was connected to the Grid in March 2015 and has received Renewable Obligation Certificate (“ROC”) accreditation at the rate of 1.4ROCs/MWh.
The acquisition has increased the Company’s net portfolio of assets to 322MW.
The deal has been funded using the Company’s existing £150m acquisition facility. The Company expects to
repay the facility through refinancing with a long-term debt facility and/or further equity raises.
FSFL : Foresight Solar completes Wiltshire solar deal