£40m deal as Foresight swoops on five solar parks

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Foresight, which is part of the infrastructure and private equity investment manager Foresight Group, has announced a £40.8million investment in five UK solar parks.

The deal, which includes a site in Leicestershire as well as two additional sites in Devon and one in Somerset also includes a 0.5MW onshore wind asset.

Chairman Alex Ohlsson explained: “This acquisition further demonstrates the Investment Manager’s ability to identify and secure quality investments at attractive valuations.

“This acquisition will further improve the asset diversification and size of our UK portfolio and we also expect it to enhance the Company’s dividend cover.

“This acquisition is part of the pipeline we communicated in our latest Annual Report (published 22 February 2018) and is in line with our prudent growth strategy.”