Foresight Solar closes GBP65m public placing
Foresight Solar Fund Ltd has closed a GBP65 million (US$79.5 million) gross in an oversubscribed share issuance in public placing.
The proceeds are set to repay debt drawn down on the existing revolver of the company.
The 54,894,155 Ordinary Shares on a non-pre-emptive basis is approximately 10% of the Ordinary Shares in the company. The GBP 1.19 (US$1.54) per share placing price of represents a 9.2% premium to Foresight Solar’s net asset value (NAV) per share as of the end of August.
Country updates
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October 10, 2019
SSE selects O&M base for 1,500 MW Seagreen offshore wind project in the Firth of Forth
Following UK Government’s Contracts for Difference Auction, Montrose Port on Scotland’s East Coast has been selected by SSE Renewables as the preferred location for the Operations and Main...
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October 07, 2019
Foresight completes acquisition of 37.5 MW of solar projects from Glennmont Partners
Foresight Group has completed the acquisition of two wind farms with an aggregate generating capacity of 37.5 MW from Glennmont Partners I UK Limited. The wind farms, Gruig and Todmorden h...
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October 07, 2019
Jlen aquired a 5 MW Warren AD plant in United Kingdom
JLEN, the listed environmental infrastructure fund, has to announce the acquisition of Warren Power Limited (WPL) for an initial consideration, including working capital, of GBP14.8 million(US$18.04 m...
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October 07, 2019
Energy Isles, Energy Isles partner for 200 MW wind project in Scotland
Statkraft is partnering with Energy Isles, the consortium of over 50 mainly Shetland-based companies, for the development of up to 200 MW wind project in the north of Yell, Northern Isl...
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October 03, 2019
Foresight Solar Fund to launch placing of ordinary shares
Foresight Solar Fund Limited is set to issue new ordinary shares of no par value in the Company by way of a placing. The Placing will be conducted under the Company’s remaining shareho...
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