Question: Who is Will Morgan?

Will Morgan: My interest in real assets goes back a long way. As a teenager, I was walking around property developments on the Thames, in London, as my father was a property developer. That planted an early curiosity about real assets and what you can do with them. My career has since been focused on asset-backed investment.

After an early career in commercial real estate, I decided to re-focus and went to an international business school. That experience helped develop my interest in sustainability, as well as the energy transition and the real-world impact they can have. This, in turn, led to opportunities to work in Europe. 

By 2013, the UK was gaining momentum in this space, prompting me to move back and build renewable infrastructure businesses here. Fast forward, and I’m now part of the Foresight Solar team, working to enhance and grow my fifth investment platform.

Outside of work, when I'm not with the family or tackling chores, one of the things I like to practice is Shotokan Karate. I've been training for nearly four years now and am currently working towards third Kyu.

Q: How did you get into renewables?

WM: Initially, it was driven by frustration, particularly with the slow pace of change in real estate, and the lack of opportunity to make an impact. 

But what really attracts me to renewables and power markets is the dynamism. No two weeks are the same. You're engaging with all facets of the business: technical, commercial, development, construction, operations, regulation and capital markets. 

Operating at the intersection of assets and energy is something I find to be both challenging and rewarding.

Q: What makes you excited about the sector?

WM: The landscape has undoubtedly changed, but that also creates opportunities. As investors, we prefer to see less capital chasing a greater supply of opportunities. That leads to a wider range of pricing and ultimately better outcomes for those who can select and operate assets well. It also creates a healthier investment environment, and there is still a significant, if not greater, investment need for renewable energy infrastructure. 

Looking ahead, the scale of what’s required far outweighs what has been delivered so far. The need for clean, secure, affordable energy is even more acute against the current backdrop. There are always headwinds – that's not unusual – but I think it's a genuinely attractive environment, particularly in the mature markets where Foresight Solar operates.

Q: What drew you to Foresight Solar, and what excites you about the fund?

WM: Foresight Solar has always been a point of reference for me within UK renewables and the broader solar sector. When I was commissioning my first UK asset, the fund was already active and well-established. I've long seen it as a pioneer and believe it commands a strong market position for that reason. 

I'm drawn to FSFL’s track record in operational performance, portfolio mix and construction, and to the fact that it's making a genuine contribution to climate objectives and a lower-carbon future – something that matters to me. At the same time, the fund has challenges to address, and I enjoy finding the right solutions. 

In addition, the team at Foresight Solar and in the wider Foresight Group made a strong impression. The organisation’s reputation speaks for itself.

Q: What are your priorities in your first 90 days?

WM: The “90-day” framing can sometimes detract from the real mission, but the priorities are clear. I’m looking forward to meeting more of our investors, getting their perspective on the fund and the market, and setting out what we believe is a workable plan to address the share price discount while continuing to deliver on our income and growth proposition.

We need to focus on financial performance and operational optimisation, delivering the 2026 dividend distributions and making sure the income is robust. We need to right-size the development pipeline and leverage Foresight Group's capabilities and origination to secure the right investment or value-add opportunities.

We also need to continue engaging with our investors, strengthening relationships, listening to their concerns and feedback to build conviction and inform our strategy moving forward.

Q: Where do you see Foresight Solar in five years?

WM: The vision centres on three things: continue to deliver the strong income we’ve historically provided; 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. 

This final point is important because energy systems can't rely on government support or intervention forever. It is important to understand and work with energy users to provide solutions to ensure real longevity.

The biggest challenge in getting there will be time since infrastructure investment horizons are long term by nature.