Foresight Solar Fund Limited Secures Rights to Development-Stage Pipeline
Full consideration for the assets is contingent onmilestone achievements tied to the projects securing grid connections and reaching ready-to-build status over the next few years.Payments for the development rights are also cross-collateralised, such that the initial outlay for any asset that fails to progress may be offset from future milestone payments for successful ones. This helps to protect the Company's risk adjusted returns regardless of the total number of projects that are eventually successful in achieving planning consent.