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Trading statements

FSFL net asset value up

27 April 2015 08:37

Foresight Solar Fund Ltd's net asset value increased from £209.8m at 31 December to £244.7m at 31 March, taking the NAV per ordinary share to 101.1p (31 December: 100.9p).

Highlights:

- The company raised £36.1 million of gross proceeds in the second fundraising under its placing programme in March. - The acquisition of the 37MW Kencot asset reached financial completion on 27 March. The company has the contractual right to all revenue generated by Kencot since the start of its operations in September 2014. - The company finalised the connection of the 2.2MW extension at its Wymeswold plant, increasing capacity by 7% to 34.4MW. The extension was connected to the Grid in March 2015 and will therefore be eligible for the 1.4 ROC rate. - All ten assets in the Company's 233MW portfolio are fully operational and, more critically, all received ROC accreditation ahead of the 31 March 2015 cliff edge deadline for ROC projects greater than 5MW.

At 8:37am: (LON:FSFL) Foresight Solar Fund Limited Ord Npv share price was 0p at 102.5p

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Related Company: FSFL

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