Foresight Solar Fund Limited : Acquisitions

Foresight Solar Fund Limited: Acquisitions

Foresight Solar Fund Limited ("FSFL" or the "Company") is pleased to announce that it has completed the acquisitions of the remaining minority equity positions in its 10MW Southam Asset, 9MW Paddock Wood asset and the 15MW Atherstone assets.  

Asset	Installed Capacity	Minority Positions Acquired
Southam	10MW	30%
Paddock Wood	9MW	41%
Atherstone	15MW	22%

Following the acquisitions the Company will own 100% of the share capital in the three assets. All assets remain operational and accredited under the 1.4 ROC subsidy regime.

The acquisitions have been funded using the equity proceeds recently raised by the Company. The acquisitions, representing the equivalent of 10MW, have increased the Company's portfolio of assets to 348MW.

Commenting on the acquisitions, Alex Ohlsson, Chairman of the Company, said: "These acquisitions represent the first from the Company's previously announced 82MW exclusive pipeline and reflect the Investment Manager's ability to quickly deploy investor funds into cash generating assets. The Company expects to acquire the remainder of the exclusive portfolio before the year end."

For further information, please contact:

Foresight Group

Elena Palasmith                [e-mail]                [phone]

Stifel Nicolaus Europe Limited (Joint Bookrunner)                           [phone]

Mark Bloomfield

Neil Winward

Tunga Chigovanyika

J.P. Morgan Cazenove (Joint Bookrunner)                                            [phone]

William Simmonds

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Source: Foresight Solar Fund Limited via Globenewswire