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FSFL completes acquisition

27 August 2015 09:38

Foresight Solar Fund Limited has completed the acquisition of a 34.7MW operational asset.

The 34.7MW Port Farm asset, located in Wiltshire, was connected to the grid in March 2015 and has received Renewable Obligation Certificate accreditation at the rate of 1.4ROCs/MWh.

The acquisition has increased the company's net portfolio of assets to 322MW.

The acquisition of the portfolio has been funded using the company's existing £150 million acquisition facility. The company expects to repay the facility through refinancing with a long-term debt facility and/or further equity raises.

At 9:38am: (LON:FSFL) Foresight Solar Fund Limited Ord Npv share price was +0.25p at 103p

Story provided by StockMarketWire.com

Related Company: FSFL

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