Foresight Solar Sells Shares in Placement to Buy More Facilities

(Bloomberg) — Foresight Solar Fund Ltd. is selling shares
in a placement to buy more of the power plants in the U.K.

The investor, listed in London, has rights to buy a
pipeline of projects of more than 100 megawatts, it said in an
e-mailed statement Monday. Acquisition of all the solar plants
would increase its capacity by as much as 50 percent, it said.

The placing is part of a plan to raise 200 million pounds
($314 million) by September. Of that total figure, the company
has already raised 96.2 million pounds. It didn’t give the price
or size of the placing.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Ana Monteiro

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