Foresight Solar Fund acquired a 53MW portfolio of five operational assets in the UK in the first half of 2018, generating a total of 260 gigawatt hours of clean energy.
It has since purchased a 114MW portfolio of 15 operational assets in the UK.
In addition, its Longreach plant became its first Australian plant to connect to the grid – in the first half of the year.
The company reported a net asset value of £473.1m for the first half, down from last year’s £481.3m. The company cited a “continued softening of UK power price forecasts” for the drop.
It also said that despite reporting dividends per share of 3.28p, it remains on track to deliver its targeted full-year dividend of 6.58p.
Foresight Solar Fund chairman Alex Ohlsson said: “The first half of 2018 has been a period of progress, marked by significant expansion in our UK portfolio, the first of our Australian assets connecting to the grid on schedule and the launch of an equity placing to support further UK asset acquisitions.
“We are pleased that we remain on track to deliver our targeted full-year dividend of 6.58p.”
Image: Pixabay
Foresight grows UK solar
By EBS