IN BRIEF: Foresight Solar Fund confirms electricity generator levy hit
24th Nov 2022 13:30
Foresight Solar Fund Ltd - Jersey-based investment fund focused on solar photovoltaics and battery storage - Confirms it will be affected by the electricity generator levy in the UK. Says potential impact would be a 0.8 pence hit to net asset value per share at September 30, which was 126.4p per share. It said it would get a 7.9p boost from a reversal of the power curve discount but take a 8.6p hit from applying the levy to its forecast UK solar generation revenue. Its battery storage assets are not expected to fall within scope of levy. Read More