Foresight Solar Fund Limited: Completion of the acquisition of Kencot Solar Plant

Foresight Solar Fund Limited is pleased to announce that the acquisition of its 37 MW Kencot asset, located on a disused airfield in Oxfordshire, England, has reached final completion.

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The plant was connected to the Grid in September 2014 and has received Renewable Obligation Certificate (“ROC”) Accreditation at the rate of 1.4 ROCs/MWh. The Company has the contractual right to all revenue generated by Kencot since the start of its operations in September 2014.

All 10 assets in the company’s 231 MW portfolio are fully operational and, more critically, have all received ROC accreditation ahead of the 31 March 2015 cliff edge deadline for ROC projects greater than 5 MW.

There are several further large project acquisitions currently under consideration by the Company that are part of a significant pipeline of assets under exclusivity. Additional acquisitions will be funded using a combination of the equity proceeds raised in the March 2015 placing, together with borrowings.

Foresight Group, the Company’s investment adviser, now manages £1 billion of solar assets across the U.K., U.S. and Southern Europe.