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Foresight Solar enters into BESS framework ahead of continuation vote
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In a stock exchange notice today (13 May), the trust said the framework with the Chelion Renewables Group subsidiary will increase its proprietary pipeline while requiring no upfront investment and «only a modest development capital» to take opportunities in ready-to-build statuses in the next few years. Numis analyst Andrew Rees highlighted that FSFL's battery storage exposure currently comprises of 50% in stakes in a 50MW asset currently under construction and two pre-construction assets, with the remaining half in its sister fund, JLEN Environmental Assets. The trust's value of the...
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