Foresight looks to raise £40m for VCT launch

Environmental investment specialist Foresight is hoping to raise £40m for the launch of its new Solar VCT.

The five-year vehicle plans to take advantage of the Government’s introduction of Feed-In Tariffs (FITs) in April, which guarantee a price for electricity produced from renewable sources. It will primarily invest in UK solar projects on industrial roofs and brownfield sites, and is targeting a 10% return. Group sales director Mike Currie says FITs have enhanced the economics of investing in solar power. “The introduction of Feed-In Tariffs means solar energy now produces a regular income which is fixed for 25 years,” he says. “In Europe, these tariffs have had a huge impact on e...