Foresight Solar Bond

In May 2013, Foresight issued the largest dedicated UK Solar Bond at that time of £60 million.

The Solar Bond, which was fully subscribed at launch by two institutions, a major UK insurer and a large UK Pension Fund, was used to refinance Foresight's existing UK solar 16MW Feed-in-Tariff portfolio, releasing equity for redeployment into further solar power plants operating under the UK Government's Renewable Obligation scheme. This generated an immediate uplift in NAV and released equity for original investors.