Foresight Solar Fund Ltd (FSFL) Ordinary NPV

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 invests in utility-scale battery storage systems up to a limit of approximately 10% of the gross asset value of the Company, calculated at the time of investment. Its diversified portfolio consists of approximately 61 assets with a total global peak capacity of 1.1 gigawatts (GW). Its investment manager is Foresight Group LLP.

To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, whilst facilitating climate change mitigation and the transition to a lower carbon economy. The Company pursues its investment objective by investing in a diversified portfolio of ground-based, solar power plants and utility-scale battery energy storage systems (BESS) predominantly located in the UK.

• Ongoing charge1.17%
• Annual management charge -
• Performance feeNo

The Investment Manager of the Company, Foresight Group CI Limited, receives an annual management fee of 0.95% p.a. of equally weighted NAV and market capitalisation up to GBP 500m, equally weighted NAV and market capitalisation in excess of GBP 500m is charged at 0.8% p.a. The Management Agreement has an initial term of 4 years and contract terminable on a 12-months notice period.