The joint venture is anticipated to grow the portfolio in the next 12 months to a total of 100MW. Despite the current challenges in Europe, the portfolio offers an attractive investment proposition backed by long-term yielding assets with limited downside risk. Adeniums Chairman, Safwan Kuzbari, stated that following some extensive research and project screening of solar power projects, we are pleased to join forces with our partners at Foresight.
This joint vehicle will allow Adenium and its investors to deploy capital in the European solar infrastructure space, offering an immediate return. Bernard Fairman, Chairman of Foresight Group added: "We are delighted to be working closely with Adenium to build our portfolio of Solar assets and look forward to a long and productive partnership for the benefit of our investors."
