Foresight Solar Fund has completed the acquisition of 15 operational solar projects in the UK with a combined capacity of 114MW for £47m.
The fund used the proceeds of a July share placing to pay for the transaction.
The projects range in size from the 13.2MW Homeland plant in Dorset to the 3.6MW Tengore Lane facility in Somerset.
Other solar farms in the portfolio include: the 10.6MW Trehawke in Cornwall; 10MW Steventon in Oxfordshire; 11.3MW Welbeck, 5.7MW Gedling and 4.7MW Crow Trees in Nottinghamshire; 6.1MW Cuckoo Grove in Pembrokeshire; 6.4MW Field House in Hampshire; 9.1MW Marsh Farm in Wiltshire; 7.7MW Abergelli in South Wales; 7.7MW Upper Huntingford in Gloucestershire; 8.1MW Yarburgh in Lincolnshire; 5MW Sheepbridge near Reading; and 5MW Fields Farm in Warwickshire.
All the projects have been operational since between March 2014 and March 2016.
The acquisition brings the company’s total portfolio to 788MW across 43 assets.
Foresight Solar Fund chairman Alex Ohlsson said: “This is both a strategic and a significant acquisition for the company, which sees us become the largest UK-listed dedicated solar energy investment company by installed capacity.”
The fund said it is still carrying out due diligence on a further three solar projects before completing acquisition.