REG - Foresight Solar Fund - Battery Portfolio Update

Foresight Solar FundAnnouncement

27/08/2025 07:00

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RNS Number : 7477W  Foresight Solar Fund Limited  27 August 2025

27 August 2025

 

Foresight Solar Fund Limited

("Foresight Solar", "FSFL" or the "Company")

 

Battery portfolio update

 

Foresight Solar, the fund investing in solar and battery storage assets to
build income and growth, announces it has exchanged contracts for the sale of
its 50% stake in Lunanhead, a 50MW battery storage (BESS) asset located in
Perthshire, Scotland. The project was jointly owned with Foresight
Environmental Infrastructure Fund (FGEN) and has been sold to a third-party
buyer at a price in line with the 30 June 2025 carrying value. The deal is
expected to complete later this quarter.

 

The Investment Manager is exploring options for Clayfords, another 50MW BESS
project in which FSFL holds a 50% stake. In line with the Company's capital
allocation strategy, the Board has been assessing developing the project
against alternative options to maximise shareholder returns, such as share
buybacks or debt repayment.

 

The Company is also pleased to announce that Sandridge BESS, a 50MW battery
storage project in Wiltshire it also co-owns with FGEN, has been energised.
The site will now begin final commissioning and testing, with commercial
operations expected shortly thereafter.

 

For more information, follow Foresight Solar on LinkedIn
(https://www.linkedin.com/showcase/foresight-solar/) or contact:

 

 Foresight Group                  +44 (0)20 3911 2318

 Matheus Fierro

 (fsflir@foresightgroup.eu)

 Jefferies International Limited  +44 (0)20 7029 8000

 Gaudi Le Roux

 Harry Randall

 Singer Capital Markets           +44 (0)20 7496 3000

 Mark Bloomfield

 Sodali & Co                      +44 (0)20 7250 1446

 Gilly Lock

 Madeleine Gordon-Foxwell

 JTC                              +44 (0) 1534 700 000

 Hilary Jones

 

LEI: 213800VO4O83JVSSOX33

 

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