AI Terminal
Foresight Solar Fund LTD
Net Asset Value • May 17, 2021
5151_rns_2021-05-17_7fcb455e-d72e-4c4c-befb-e7f54311e131.html
Net Asset Value
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 7580Y
Foresight Solar Fund Limited
17 May 2021
Foresight Solar Fund Limited ("the Company")
Q1 2021 Net Asset Value ("NAV")
Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV and Battery Storage assets in the UK and internationally, announces that as at 31 March 2021 its unaudited Net Asset Value was £558.7 million (31 December 2020: £582.20 million), resulting in a NAV per Ordinary Share of 91.9 pence (31 December 2020: 95.8 pence per share).
The decrease in NAV over the first quarter is largely attributable to a downward revision in the medium and long-term power price forecasts during the period (-2.3 pence per share) and the recent announcement of the increase in UK Corporation Tax to 25% from April 2023 (-1.3 pence per share), which is assumed to remain unchanged thereafter for the remaining useful economic life of the UK portfolio assets.
The Gross Asset Value ("GAV"), including Company and subsidiaries, as at 31 March 2021, was £1,023.5 million (31 December 2020: £1,054.6 million).
Dividend
The Company re-affirms its FY 2021 dividend target of 6.98 pence per share.
For further information, please contact:
| Foresight Group | |
| Jonathon McManus | +44 (0)20 3667 8147 |
| ([email protected]) |
| Jefferies International Limited | +44(0)20 7029 8000 |
| Neil Winward | |
| Gaudi Le Roux |
| Citigate Dewe Rogerson | +44 (0)20 7638 9571 |
| Toby Moore | |
| Elizabeth Kittle | |
| Lucy Gibbs |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NAVSFAESMEFSELI