Investor Foresight Solar is eyeing the acquisition of 18 operational PV projects in the UK totalling 134.2MW.
The company is in “exclusivity” for a deal worth £55m and expects to complete the purchase from funds managed by the wider Foresight Group next month.
Foresight is running a share placing in order to raise £40m, which will part-fund the acquisition, it said.
The results of the placing will be announced on 4 July.
A deal will bring the company’s total installed solar capacity to 808MW across 46 projects.
Image: Foresight
Foresight predicts UK solar splash
By EBS