Foresight Solar Fund Ltd. agreed to a buy a project in central England and is considering further purchases.
The 30-megawatt solar facility in Nottinghamshire will expand Foresight’s portfolio to 263 megawatts, the London-listed fund said Thursday in an e-mailed statement, without disclosing terms. It expects the project to receive government subsidies once operational.
Further acquisitions may include a 51-megawatt facility, it said. The company is negotiating purchases after gaining exclusive rights to buy a pipeline of projects totaling more than 100 megawatts.