In the first update of the year, we showed how UK solar capacity continued its momentum in 2025, with expectations of similar progress in 2026. FSFL plays a central role in the shift to a lower-carbon economy, with an operational portfolio of around 750MW delivering clean, reliable energy. 

Later in the month, we outlined Britain’s major clean‑energy milestones. Solar energy led the way as the country reached significant system‑wide achievements. Foresight Solar’s portfolio continues to contribute meaningfully to this cleaner, more resilient power mix, supporting decarbonisation while delivering inflation‑linked cashflows.

With wholesale electricity markets remaining volatile, we explained how combining contracted revenues with selective market exposure helps smooth returns across cycles, reduce volatility and avoid reliance on any single pricing outcome. The post reinforced that risk management is central to infrastructure investing, with revenue visibility essential to sustaining progressive dividends.

In an unexpected announcement, the UK government confirmed it will accelerate the switch from RPI to CPI indexation for the Renewables Obligation scheme to April 2026, bringing it forward by four years. Tony Roper, our chair, expressed concern this decision disregarded investor feedback and risked undermining the country’s reputation as a stable destination for investment. Despite being the least disruptive of the previously considered options, the move is still viewed as short‑sighted and potentially harmful to investor sentiment and long‑term energy affordability.