Foresight Solar Fund reported after tax a profit of £15.2m in 2015 compared with a profit of £8.1m in the 17 months to December 2014.
The fund’s net asset value stood at £279.1m at the end of December, up from £209.8m at the end of December 2014.
It acquired seven assets totalling 142MW during 2015 bringing the fund’s total portfolio to 16 fully operational projects totalling 338MW.
Foresight Solar Fund chairman Alexander Ohlsson said: “The board is pleased with the progress made by the company during the period and in particular that the full £285m of equity proceeds has been invested in good time.
“The 16 asset portfolio is now fully operational and generating revenue.
“We believe the UK solar market remains attractive and have identified a 150MW pipeline of assets that will support the growth of the company over the next six months.”
Image: Foresight
