Foresight Solar Fund Limited

0.00 (0.0%)
Foresight Solar Investors - FSFL

Foresight Solar Investors - FSFL

Stock Name Stock Symbol Market Stock Type
Foresight Solar Fund Limited FSFL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 106.40 16:28:38
Open Price Low Price High Price Close Price Previous Close
106.60 105.40 106.80 106.40 106.40
more quote information »
Industry Sector

Top Investor Posts

Top Posts
Posted at 18/11/2022 12:03 by melton john
Thanks jonwig, had to register to read it but they accept Private Investor as company. Citywire is a useful site I had forgotten my login for. Good to read that battery storage is excempt from windfall tax.
Posted at 22/9/2022 07:43 by masurenguy
"Solar funds Bluefield Solar Income (LSE: BSIF, all UK), NextEnergy Solar Fund (LSE: NESF, 90% UK) and Foresight Solar Fund (LSE: FSFL, 70% UK) have also done well. Yields in the sector range from 4.5% at UKW to 5.9% at NESF; all should grow at least in line with inflation. For the yield-seeking, risk-averse investor, the sector remains a long-term buy."
Money Week 20 September 2022

Posted at 15/9/2022 07:17 by masurenguy
Great set of interims, well summed up by Chairman's comments

Alex Ohlsson, Chairman of Foresight Solar Fund Limited, said: "Financially and operationally, Foresight Solar performed strongly during the first half of 2022. NAV per Ordinary Share increased by 14.4%, while total revenues and consolidated EBITDA were 18% and 26% ahead of budget, respectively. We remain firmly on track to deliver our 2022 target dividend of 7.12 pence per share and, based on the strength of the operational performance and the certainty provided by further price fixes this year, are expecting dividend cover for 2022 of at least 1.5 times. Projected cover is expected to remain strong for the next three years; based on current forecasts and prevailing market conditions, the dividend for 2023 is expected to be fully covered by contracted revenues alone.

Our diversification strategy is progressing well. The Company's Spanish portfolio is now entering operations and, post-period close, we completed our second investment in battery storage systems. Shareholder approval to allocate up to 5% of the Company's GAV into development stage solar and battery storage assets represents another exciting channel of growth, and we are already well progressed in evaluating several development pipelines in both the UK and Europe.

Solar power has an integral part to play in a well-balanced future energy mix and the reduction of wholesale energy prices. An environment that supports the development of low-cost renewable generation, as well as grid balancing technology, will provide a clear path to energy security and the Company is seeing robust demand from investors to fund the construction of these low carbon technologies. Given the strength of industry fundamentals across all our core markets and our exciting pipeline of attractive opportunities across solar and battery storage in both the UK and Europe, Foresight Solar remains well positioned for further growth as we look to the rest of 2022 and beyond."

Posted at 25/5/2022 14:11 by catch007
II information feed:

Foresight Solar Fund Ltd - Jersey-based solar-power investor - Proposes to change its investment policy. The company wants to invest up to 5% of its gross asset value in development stage assets such as solar or battery storage system opportunities that are pre-construction and may not have secured grid connection rights or planning consent. The company believes investing at an earlier stage would create access to a further pipeline of investment opportunities and provide it with an enhanced ability to secure fully consented projects. Calls annual general meeting for June 15 to approve the change.

Posted at 03/3/2022 23:19 by gateside
There's a more recent factsheet from 31st December 2021.The NAV was reported as 108.2phTTps://fsfl.foresightgroup.eu/investor-relations/publications/factsheets/
Posted at 18/6/2021 15:41 by ec2
Having sold 50% of my holding last month in advance of FSFL being relegated from the FTSE-250, I've gone back in today at just below 96.50p. Index funds need to be out of the stock and rebalanced by COB today, hence the downward price pressure. Hopefully more positive price movement going forward from here. Didn't actually put my full amount back into FSFL as I liked the results from NESF yesterday and so put some into there as well.
Interesting comments coming out of the NESF investor call yesterday. The view, as has been mine for sometime, is that the consultants forward electricity price projections are too pessimistic and are not in sync with actual forward prices in the electricity market. The consultants appear to be taking a far to cautious view. My thinking is if the consultants start to bring their projections into line with actual forward market prices there could be some hefty re-ratings across the renewable sector.

Posted at 18/2/2021 12:56 by playful
Foresight Solar Fund (FSFL) has consistently delivered on its investment objective from its launch in October 2013. It is the largest UK solar player and provides investors with a covered, sustainable and growing dividend, underpinned by subsidised assets in the UK and high-return growth opportunities globally. This continued during the fund’s arguably most challenging few years, amid declining power prices and the COVID-19-triggered economic shock. The solar industry’s growth potential remains huge. The IEA estimates that solar capacity needs to quadruple in the next decade globally (a 20% CAGR) to limit global warming to 1.5°C. The UK’ssolar capacity is forecast to more than double within the next 10 years.
Posted at 04/1/2021 08:17 by cwa1
On today's acquisition:-

Commenting on the acquisition, Alex Ohlsson, Chairman of Foresight Solar, said:

"This acquisition builds on the Company's recent first investment in Spain and represents a meaningful step forward for the Company's international diversification and its increased presence in the subsidy-free solar market. The ability of the Investment Manager to secure such an attractive investment opportunity for Foresight Solar once again demonstrates the benefit of its significant regional presence across Europe. We look forward to updating investors on progress on the Spanish portfolio as major milestones are met in the coming year."

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