Foresight Solar Invest In 30MW Solar Asset

Foresight Solar Fund Limited has announced that it has signed a binding contract to acquire a 30MW solar asset located in Nottinghamshire. The asset is expected to qualify for the 1.3 Renewable Obligation Certificate ("ROC") banding under the Renewable Obligation ("RO")12 month grace period for projects greater than 5MW.

Once operational, this will increase the portfolio capacity to 263MW.

The Company continues to negotiate further acquisitions having secured exclusivity over an attractive pipeline of  assets,  including a  51MW  1.4 ROC  operational  portfolio.

The  Company  expects  to  take advantage of  this pipeline  using a  combination  of proceeds  raised  under  its  Placing  Programme together with existing debt facilities.