Foresight Solar fund (FSFL) has started the formal process of selling its four Australian investments, as the trust continues its divestment programme to re-focus on the UK and Europe.
In its half-year report published today (18 September), the FTSE 250 trust said it had commenced a process to sell 170MW of operational Australian solar and 122MWp of development-stage battery energy storage systems. Following the 50% stake sale in the Lorca portfolio last November, the sale of the trust's Australian portfolio marks the second stage of the divestment programme. Foresight Solar weathers continuation vote despite 24% calling for closure With closing expected in the first half of 2025, the resulting proceeds will be used to repay the revolving credit facility and sh...
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