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.