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Foresight Solar Fund Ltd - Jersey-based solar-power investor - Proposes to change its investment policy. The company wants to invest up to 5% of its gross asset value in development stage assets such as solar or battery storage system opportunities that are pre-construction and may not have secured grid connection rights or planning consent. The company believes investing at an earlier stage would create access to a further pipeline of investment opportunities and provide it with an enhanced ability to secure fully consented projects. Calls annual general meeting for June 15 to approve the change.
Current stock price: 119.88 pence, up 1.3% in London
12-month change: up 23%
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