Foresight grabs Bournemouth solar
UK investor inks binding contract to buy 37.3MW project
Foresight Solar Fund has entered into a binding contract to buy the 37.3MW Bournemouth PV plant in Dorset.
The project, which is expected to be connected later this year and will be eligible for the 1.4 ROC rate, will be the investor’s ninth large-scale UK solar asset.
The company said the deal is “subject to certain conditions being met by the developer of the plants, including the plant being built to the required standard, its successful connection to the grid and Ofgem ROC accreditation”.
The acquisition takes Foresight’s total committed assets to 185MW, of which 100MW is already operational and generating revenues.
Foresight recently revealed that it has reached financial close on a £100m debt acquisition facility to fund additional operational solar power plant acquisitions. The facility will be provided by RBC, RBS and Santander.
Image: Foresight's assets include the 33MW Wymeswold in Leicestershire (Solarstrom)