Foresight Solar Fund aims to raise up to £28.9m through a placing of shares to invest in new projects.
The fund plans to sell 28.1m shares it currently holds in treasury for 102.5 pence each, it said.
Net proceeds will enable Foresight to invest in a 200MW pipeline of assets it has identified, supporting its growth over the next year.
The placing, led by Stifel Nicolaus Europe and J.P. Morgan Cazenove, opens today and will close 8 September.
Image: Foresight
