foresight solar fund

Following the release of Foresight’s Q1 financial results for this year Solar Power Portal caught up with managing director at Foresight, Ross Driver, to discuss the company’s highlights from Q1 2023, geographical diversification and the UK Government’s net zero strategy.

Due to high irradiation, solar PV and battery storage fund Foresight Solar Fund saw its UK assets produce 8.6% above budget last year.

Foresight Solar Fund (FSF) has recorded a 2.1% net asset value (NAV) increase to £771.2 million due to high-power forecasts and rising inflation.

Power prices are continuing to boost solar asset value, with Foresight Solar Fund reporting its net asset value (NAV) per share, EBITDA and consolidated revenues jumping over the first six months of 2022, but the fund said prices are unsustainably high currently.

A fire broke out at a solar farm yesterday (Monday 11 July) in Verwood in Dorset.

High power prices helped bolster Foresight Solar Fund’s financial results for 2021, the company confirmed yesterday (9 March).

The acquisition and construction of new ground-based solar PV and battery storage projects by Foresight Solar is to be funded through a new three-year facilities agreement.

Strong asset operational performance and above budget irradiation in the first half of 2021 resulted in generation from Foresight Solar Fund’s UK portfolio being 1% above budget over the last year.

Foresight Solar’s head of UK solar Ricardo Pineiro chatted with Solar Power Portal just before Christmas to reflect on the solar sector’s growth over the past year, and the key trends that are continuing into 2022.

Anesco is to build and maintain 100MW of battery energy storage for JLEN and Foresight Solar Fund Limited (FSFL).