Early August was when we published our latest net asset value (NAV) update, sharing another period of strong operational performance. Global electricity production 5.5% above budget, combined with Foresight Solar’s active power price hedging strategy, gives the board confidence in our 1.3x dividend cover target for the year.

The government’s ambitions for net zero hinge heavily on the success of the upcoming Allocation Round 7. With longer 20-year contracts and increased budget support, the government is backing long-term clean energy growth. Already looking ahead to AR8, we need policy certainty, faster grid connections, and deeper supply chain investment.

Analysis from Solar Energy UK shows the solar and battery storage sectors are not only driving the energy transition, they’re delivering real economic value. Utility-scale projects like the ones in Foresight Solar’s portfolio are central to this growth, supporting high-productivity jobs, boosting incomes, reducing dependency on foreign sources of power, and driving the transition to a lower-carbon economy.

Foresight Solar invests in solar farms and battery storage assets. We updated on our BESS portfolio, highlighting the sale of our stake in Lunanhead, the consideration of options for Clayfords and the energisation of Sandridge BESS.