Foresight UK IPO for £200m PV spree

A PV plant in Cornwall, England

A PV plant in Cornwall, England

Foresight Group is planning a £200m ($312m) initial public offering (IPO) for its Foresight Solar Fund, in the latest of a string of similar moves focused on buying UK renewables assets.

The listing will target eight operational plants totalling 145MW capacity, "including the two largest solar parks in the UK".

Foresight said the UK solar sector offers investors “a sustainable and increasing dividend with the potential for capital growth over the long term”.

The investments will benefit from the visibility provided by the UK support regime for solar under the Renewables Obligation (ROC) scheme, said the investment group.

A statement said: “The ROC regime combined with recent significant reductions in the cost of solar equipment provides a timely opportunity to launch this company coinciding with the new capacity coming on stream.

“Foresight Group has Log in to read complete article.

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