Despite challenges created by the COVID-19 pandemic, Foresight Solar Fund has seen its UK portfolio perform 15.9% above base case.
Foresight Solar Fund has seen generation from its UK portfolio perform 9% over budget due to high levels of irradiation.
Foresight Solar Fund has stated that COVID-19 has caused no operational disruption so far, but it is closely monitoring the situation.
Solar Power Portal sat down with Ricardo Piñeiro, head of UK Solar at Foresight Group, to discuss the rise of subsidy free solar, the return of the contracts for difference auction (CfD), and the effect of the Targeted Charging Review (TCR).
Despite challenges to net asset value (NAV), Foresight Solar Fund’s portfolio continued to outperform budget as the company turned its focus to asset optimisation.
Some of the UK’s solar stalwarts have welcomed the government’s consultation on allowing solar and onshore wind back into the Contracts for Difference (CfD) scheme.
The Foresight Solar Group has announced a net asset value (NAV) of £626.9 million in its update for 31 December 2019.
Foresight Solar Fund has announced its intention to raise funds via a new share placing in order to pay down its existing debt.
The UK’s net zero law stands to create a “supportive environment” that could act as a catalyst for subsidy-free solar developments, Foresight Solar Fund has said.