Foresight Solar Fund

LN: FSFL

£616.8m market cap

101p last close

Foresight Solar Fund’s (FSFL’s) investment objective is to provide investors with a sustainable and progressive quarterly dividend underpinned by investments in a geographically diverse portfolio of assets. FSFL aims to preserve and, where possible, enhance capital value through reinvesting excess cash flows not required for the payment of dividends. FSFL acquires large-scale solar power plants, identifying solar opportunities in the UK and overseas markets (to 25% of the gross asset value).

Investment summary

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’s solar capacity is forecast to more than double within the next 10 years.

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Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 (1.5) (12.1)
Relative* (1.0) (6.2) (9.0)
52-week high/low 117.5p/91.0p
*% relative to local index
Key management
Ben Thompson Group marketing officer
Jonathon McManus Institutional investor relations
Pietro Zerauschek Head of Foresight, North America

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