(via NewsDirect)
Throughout 2023, the fund achieved record electricity production, exporting over a terawatt of green energy across its
Notably, the fund's NAV benefited from £20 million of share repurchases, part of a £40 million share buyback program, one of the largest in the renewable infrastructure sector. This boosted shareholder value by
Despite economic challenges, Driver said Foresight Solar remains focused on closing the discount between its share price and NAV, leveraging asset sales and share buybacks to underline the fund's value. The sale of assets, such as the Lorca stake at a 21% premium to NAV, demonstrates the robust valuation of its holdings.
The fund is actively pursuing a total shareholder return strategy, balancing high-quality yield with NAV growth. Driver highlighted the sale of the Toucan portfolio in the
Looking ahead, Foresight Solar plans to focus on development stage opportunities, aiming for sustainable growth and continued NAV improvement.
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