Foresight Solar Fund has announced that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset (30% minority position acquired), 9MW Paddock Wood asset (41% minority position acquired) and the 15MW Atherstone assets (22% minority position acquired). The company says that the acquisitions are the first from its previously announced 82MW exclusive pipeline and that, following the acquisitions, the company owns 100% of the share capital in all three assets.
The company says that the acquisitions have been funded using the equity proceeds from its recent fund raise and that the acquisitions, representing the equivalent of 10MW, have increased the Company’s portfolio of assets to 348MW. All three assets remain operational and are accredited under the 1.4 ROC subsidy regime.
Foresight Solar Fund completes acquires the minority stakes in three of its assets : FSFL