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Foresight Solar Fund to acquire Bournemouth plant

By BFN News | 07:52 AM | Thursday 22 May, 2014


Foresight Solar Fund Limited has signed a binding contract to acquire its ninth large-scale UK solar power plant, the 37.3MW Bournemouth plant. The plant is expected to be connected later this year and will be eligible for the 1.4 ROC rate. Following the acquisition of Bournemouth, the company will own and manage three of the UK's largest solar power plants. The acquisition is subject to certain conditions being met by the plant developer, including a plant being built to the required standard, its successful connection to the grid and Ofgem ROC accreditation. The company, in line with its low risk strategy, will not take construction risk for the project. Story provided by StockMarketWire.com

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