British solar PV project investor Foresight Solar Fund continues to build its Australian renewable energy portfolio, acquiring 100% ownership of the 30 MW Oakey 1 and 17 MW Longreach solar farms in Queensland.
Foresight Solar Fund’s 2020 annual report puts the travails endured and fixes deployed for four now powerful Australian assets in context.
UK-based asset manager Foresight Group claims to have assembled the largest asset fleet of utility scale solar in Australia. After having acquired four solar projects in Queensland and initiated one Victorian project in less than two years, the fund noted that it had moved quickly to “capitalise on the opportunities.”
Having acquired its first Australian projects earlier this year, UK based Foresight is raising funds for future acquisitions. The Foresight Solar Fund has announced plans for more than GBP 75 million (US$99 million) in investments through the placement of new shares.
British firm to invest $64 million to acquire assets being developed in Queensland by Canadian Solar.
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