foresight solar fund

Rebounding power prices have driven Foresight Solar Fund’s results in the first half of 2021, with its net asset value jumping to £596.4 million.

The impact of the low power prices in the UK is continuing to be felt, as Foresight Solar Fund announces Net Asset Value (NAV) drop.

Foresight Solar Fund has confirmed its continued focus on fixed revenue streams as the impact of COVID-19 continues to be felt.

Foresight Solar Fund is looking to diversify its portfolio with the addition of utility-scale battery storage systems.

The Foresight Group has today announced it is considering proceeding with an initial public offering (IPO) in a move that executive chairman and co-founder Bernard Fairman described as the “next logical step” for the investor.

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.