Foresight Buys Three U.K. Solar Farms After Government Cuts
This article is for subscribers only.
Foresight Solar Fund Ltd. bought three solar parks in the U.K., two days after the government proposed further cuts to subsidies for the industry.
The London-listed fund acquired 34 megawatts of operational assets through a venture with Big60Million Ltd., Foresight said Friday in a statement. The projects in Warwickshire and Kent all currently receive subsidies through the government’s Renewables Obligation program. Terms of the deal weren’t disclosed.