What does FSFL mean in FUNDS

Foresight Solar Fund Ltd (FSFL) is a renewable energy infrastructure fund that focuses on investments in solar plants across the United Kingdom. The objective of the fund is to provide investors with regular and sustainable income through owning, operating and maintaining solar assets.

FSFL generates its revenues from selling generated electricity to off-takers, as well as from government subsidies for green energy production.

FSFL primarily invests in ground mounted solar photovoltaic (PV) plants ranging from 1MW to 50MW in size.

Most of FSFL’s solar power plants are located in England but there are also some that are located in Scotland, Wales and Northern Ireland.

Generally, the off-takers for FSFL’s generated power are regional energy suppliers and large industrial customers such as supermarkets or other large retailers.

The cash yield provided by each plant is derived from contracted revenue streams with long-term inflation-linked contracts throughout their lifetime of approximately 25 years. This enables the fund to deliver stable cashflows for its investors over the long term.

Yes, invested capital within FSFL may be eligible for tax relief under SEIS/EIS schemes which allows investors to declare up to 30% of invested capital against their total taxable income each year.

Yes, quarterly distributions at a target rate of 6.5p per share will be paid out when cash flows allow it in line with UK REIT regulations within 90 days after each quarter end date.

Shares can be purchased directly through an authorised agent or broker of an investment platform registered with the Financial Conduct Authority (FCA). Or alternatively they can be purchased through most major stock exchanges throughout Europe such as London Stock Exchange (LSE), Euronext Paris and Xetra platforms.