Foresight Solar Fund £243 million solar portfolio refinancing

Overview:

• Foresight Solar Fund has undertaken a £243 million refinancing of a UK solar portfolio.
• The portfolio consists of 28 operating solar PV assets with a combined installed capacity of 321MW located in the UK.
• The financing consisted of a £178 million senior facility provided by Sumitomo Mitsui Banking Corporation and Landesbank Hessen-Thüringen Girozentrale (Helaba) and a £65 million revolving credit facility provided by NatWest.
• Listed on the LSE, Foresight Solar Fund is currently the largest UK solar investment company with a portfolio with an installed capacity of 869MW.

Sam Duke