Foresight Solar Fund Limited : Acquisitions

Foresight Solar Fund Limited: Acquisitions

Foresight Solar Fund Limited ("FSFL" or the "Company") is pleased to announce that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset, 9MW Paddock Wood asset and the 15MW Atherstone assets.  

Asset Installed Capacity Minority Positions Acquired
Southam 10MW30%
Paddock Wood 9MW41%
Atherstone 15MW22%

Following the acquisitions the Company will own 100% of the share capital in the three assets. All assets remain operational and accredited under the 1.4 ROC subsidy regime.

The acquisitions have been funded using the equity proceeds recently raised by the Company. The acquisitions, representing the equivalent of 10MW, have increased the Company's portfolio of assets to 348MW.

Commenting on the acquisitions, Alex Ohlsson, Chairman of the Company, said: "These acquisitions represent the first from the Company's previously announced 82MW exclusive pipeline and reflect the Investment Manager's ability to quickly deploy investor funds into cash generating assets. The Company expects to acquire the remainder of the exclusive portfolio before the year end."

For further information, please contact:

Foresight Group

Elena Palasmith                      +44 (0)20 3667 8100

Stifel Nicolaus Europe Limited (Joint Bookrunner)                           +44 (0)20 7710 7600

Mark Bloomfield

Neil Winward

Tunga Chigovanyika

J.P. Morgan Cazenove (Joint Bookrunner)                                            +44 (0)20 7742 4000

William Simmonds

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Foresight Solar Fund Limited via GlobeNewswire