We started the month with a reminder of our 2025 annual results. The report offers a clear view of operational and financial performance, outlining how a well-operated portfolio – alongside an active power price hedging strategy – continues to support stable income generation and the delivery of our investment objective. It also highlighted the benefits of bringing assets through construction and the role battery storage can play in enhancing long-term flexibility.

We also provided an update on the estimated impact to net asset value from the removal of the Carbon Price Support mechanism from April 2028. The UK government’s move is expected to modestly reduce wholesale electricity prices. The limited effect – approximately 0.5p to 1.0p per share – reflects the strength of our approach, including active power price hedging, a diversified portfolio, and forward-looking assumptions already embedded in valuations.

Lastly, our “Meet the team” interview with Will Morgan, introduced readers to Foresight Solar’s new lead investment manager. In a wide-ranging conversation that started as far back as how he got into renewables, Will also laid out his vision for Foresight Solar:  renew the portfolio’s revenue profile through a combination of Contracts for Difference-backed, repowered and/or hybridised assets; and do so alongside new partnerships that represent both investors and energy users.