The 31MW solar farm on the disused airfield in Wymeswold has generated 15% more power than was initially predicted.
From November 2013 to January 2014, the UK’s largest operational solar farm managed to outperform all predictions despite the inclement weather experienced in the period. Jamie Richards, partner and head of infrastructure at Foresight commented: “The Wymeswold asset outperformance is good news. 30% of the Initial Public Offering (IPO) proceeds were invested in this fully operational asset shortly after the IPO and the asset was selected because of its potential to outperform.”
Foresight Solar Fund has also announced that it has acquired to further plants totalling 28MW, one site at Caste Easton, Swindon and one at High Penn, Calne. Commenting on the fund’s future outlook, Richards said: “We expect to be able to announce that 50% of the Company’s assets will be fully operational shortly, and as described at IPO that 100% of the Company’s assets will be fully operational before the end of the first quarter of 2014.”
Richards added: “The promising outlook for the UK solar sector, the quality of the underlying assets and Foresight’s track record in the sector, continue to provide investors with an attractive opportunity to secure inflation linked yield and potential for capital growth.”