REG - Foresight Envr - Battery Portfolio Update

Foresight Environmental InfrastructureAnnouncement

27/08/2025 07:00

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RNS Number : 7586W  Foresight Environmental Infrastruct  27 August 2025

27 August 2025

 

FORESIGHT ENVIRONMENTAL INFRASTRUCTURE LIMITED

 

("FGEN" or the "Company")

 

Battery Portfolio Update

 

FGEN, a leading investor in private environmental infrastructure assets across
the UK and mainland Europe, announces that it has exchanged contracts for the
sale of its 50% equity stake in Lunanhead, a 50MW lithium-ion battery energy
storage ("BESS") development project located in Perthshire, Scotland, and is
pleased to confirm that its Sandridge BESS project in Wiltshire has now been
energised.

 

Lunanhead was jointly owned with Foresight Solar Fund and has been sold to a
third-party buyer at a value consistent with the asset's carrying value as at
30 June 2025, which represents less than 0.2% of the Company's total portfolio
value. The deal is expected to complete later this quarter.

 

Per the Company's capital allocation strategy, the Board and the Investment
Manager have assessed developing the investment against alternative capital
uses, including the potential returns of share buybacks or debt repayment and
concluded that a sale would represent the best outcome for shareholders. As
previously reported, the Investment Manager continues to explore options for
Clayfords BESS in which the Company also holds a 50% stake.

 

Sandridge is now entering its final commissioning and testing phase, with
commercial operations anticipated shortly thereafter. Sandridge will become
FGEN's second operational BESS project, joining West Gourdie in enabling the
integration of renewable energy sources while enhancing grid stability and
supporting cost savings to consumers and businesses.

 

Contacts

 

For further information, please visit www.fgen.com or contact:

 

Foresight
Group
+44(0)20 3667 8100

Chris Tanner
 
fgenir@foresightgroup.eu

Edward Mountney

Charlie Wright

Wilna de
Villiers

 

Winterflood Securities
Limited
+44(0)20 3100 0000

Neil Langford

 

SEC Newgate
 
+44 (0)20 3757 6882

Clotilde Gros
 
fgen@secnewgate.co.uk

Alice Cho

Harry Handyside

 

Apex Fund and Corporate Services (Guernsey)Limited  +44 (0)20 3530 3600

Matt
Lihou
fgen@apexgroup.com

 

 

About FGEN

 

FGEN invests into environmental infrastructure to deliver stable returns, long
term predictable income and opportunities for growth, whilst driving
decarbonisation and sustainability.

 

Investing across renewable generation, other energy infrastructure and
sustainable resource management, it targets projects and businesses with an
emphasis on long term stable cash flows, secured revenues, inflation linkage
and the delivery of essential services. FGEN's aim is to provide investors
with a sustainable, progressive dividend per share, paid quarterly, alongside
the potential for capital growth.

 

The target dividend for the year to 31 March 2026 is 7.96 pence per share¹.

 

FGEN is an Article 9 fund under the EU Sustainable Finance Disclosure
Regulation and has a transparent and award-winning approach to ESG.

 

Further details can be found on FGEN's website www.fgen.com and LinkedIn page.

 

(1) These are targets only and not profit forecasts. There can be no assurance
that these targets will be met or that the Company will make any distributions
at all.

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