London-based Foresight Solar Fund has followed through on plans to acquire three solar projects under construction in Queensland after sealing a $55 million debt facility from the Clean Energy Finance Corporation thanks to the inclusion of innovative forecasting technology.
The acquisition of the three solar farms from Canadian Solar will expand Foresight’s portfolio in Australia to 252 megawatts, building on the purchase of the Bannerton project in Victoria last September and the Barcaldine venture in Queensland earlier in 2017.
Foresight partner Ricardo Piñeiro said the 146MW of new assets “ensure greater diversity across the portfolio” and would make a strong contribution for investors once generation gets underway.
The co…
Read the full article at: http://www.afr.com/business/energy/solar-energy/foresight-solar-buys-qld-projects-after-sealing-55m-debt-deal-20180104-h0ddtu
