Foresight Agrees to Buy Solar-Power Project in Central England

(Bloomberg) — Foresight Solar Fund Ltd. agreed to a buy a
project in central England and is considering further purchases.

The 30-megawatt solar facility in Nottinghamshire will
expand Foresight’s portfolio to 263 megawatts, the London-listed
fund said Thursday in an e-mailed statement, without disclosing
terms. It expects the project to receive government subsidies
once operational.

Further acquisitions may include a 51-megawatt facility, it
said. The company is negotiating purchases after gaining
exclusive rights to buy a pipeline of projects totaling more
than 100 megawatts.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Amanda Jordan, Ana Monteiro

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us