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About the company
Foresight Solar Fund Limited is a Jersey-based closed-ended investment company with a diversified portfolio of solar photovoltaics (PV) and battery storage assets. The Company’s investment objective is to provide investors with a sustainable and progressive quarterly dividend underpinned by investments in a geographically diverse portfolio of assets. It aims to deliver sustainable investment returns to investors alongside environmental, social and governance (ESG) benefits. The Company acquires ground-based, operational solar power plants. It is also permitted to invest in utility-scale battery storage systems up to a limit of 10% of the GAV of the Company, calculated at the time of investment. Its diversified portfolio consists of 61 assets with a total global peak capacity of 1.1 gigawatt (GW). Its assets include Highfields, Castle Eaton, High Penn, Hunters Race, Spriggs Farm, Kencot Hill, Copley, Paddock Wood, Southam, Port Farm, Sandridge, Wally Corner, Park Farm and others.
- Revenue in GBP (TTM)-964.00k
- Net income in GBP-9.28m
- Incorporated2013
- Employees0.00
- LocationForesight Solar Fund Ltd28 EsplanadeSAINT HELIER JE2 3QAJerseyJEY
- Phone+44 1 534700000
- Websitehttps://fsfl.foresightgroup.eu/
Profile
| Management group(s) | Foresight Group LLP |
|---|---|
| AIC sector | Renewable Energy Infrastructure |
| ISIN | JE00BD3QJR55 |
| Launch date | 29 Oct 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value through investment in a diversified portfolio of ground-based solar farms and battery storage systems (“BESS”) predominantly located in the UK. The fund pursues its investment objective by acquiring and managing solar PV and BESS assets at different stages of maturity.
Managed by
| Ricardo Pineiro |
|---|
Management & contract fees
The annual management fee of 1% p.a. of NAV up to GBP 500m, NAV in excess of GBP 500m is charged at 0.9% p.a.. This is payable quarterly in arrears and is calculated based on the published quarterly NAV. The Management Agreement has an initial term of 4 years and contract terminable on a 12-months notice period.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Pacific Assets Trust plc | 5.20m | -6.06m |
| Cordiant Digital Infrastructure Ltd | 79.68m | 69.56m |
| Polar Capital Global Fincls Trust PLC | -6.31m | -15.53m |
| IP Group Plc | -4.90m | -171.30m |
| Foresight Solar Fund Ltd | -964.00k | -9.28m |
| Fidelity Emerging Markets Ltd | 79.19m | 58.61m |
| Molten Ventures PLC | -126.40m | -160.30m |
| North Atlntc Smlr Cmpns Invtmnt Trst PLC | 18.16m | -5.52m |
| Blackrock Throgmorton Trust PLC | -10.31m | -15.75m |
| Edinburgh Worldwide Investment Trust plc | -171.05m | -182.57m |
| Brunner Investment Trust Plc | 46.38m | 40.63m |
| European Opportunities Trust PLC | 77.54m | 64.12m |
| Pacific Horizon Investment Trust PLC | -38.36m | -51.96m |
| Baillie Gifford US Growth Trust PLC | 26.82m | 20.74m |
| JLEN Environmental Assets Group Ltd | 20.41m | 10.42m |
| Henderson Smaller Companies Inv Trst PLC | -54.04m | -60.89m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Investment Management (UK) Ltd.as of 03 Apr 2024 | 60.35m | 10.41% |
| Valu-Trac Investment Management Ltd.as of 31 Jan 2024 | 38.18m | 6.59% |
| CCLA Investment Management Ltd.as of 05 Sep 2022 | 35.67m | 6.15% |
| Legal & General Investment Management Ltd.as of 07 Sep 2023 | 29.85m | 5.15% |
| Privium Fund Management BVas of 31 Mar 2024 | 22.16m | 3.82% |
| Schroder & Co. Ltd.as of 30 Jun 2023 | 14.35m | 2.48% |
| RM Capital Markets Ltd.as of 28 Mar 2024 | 10.78m | 1.86% |
| Foresight Group LLP (Investment Management)as of 28 Mar 2024 | 10.17m | 1.75% |
| CG Asset Management Ltd.as of 29 Feb 2024 | 7.63m | 1.32% |
| Vanguard Global Advisers LLCas of 31 Mar 2024 | 6.82m | 1.18% |
