Foresight Solar Fund Limited acquires its first solar asset in Spain

Foresight Solar Fund Limited (LON: FSFL) has acquired its first solar asset in Spain, representing an investment of €20.2 million or £18.0 million once construction is completed.

  • The acquisition of the 26.1 MW Virgen del Carmen asset, based in Huelva, represents Foresight Solar's initial investment in subsidy-free solar.
  • The said acquisition will be financed using the Company's revolving credit facilities with construction expected to start at the end of September 2020.
  • On 7 September 2020, at the time of writing, GMT 09:43 AM, FSFL shares were trading at GBX 108.00, unchanged against the previous day closing price.