FORESIGHT SOLAR FUND

FSFL
Delayed London Stock Exchange - 11:35 2022-12-02 am EST
117.00 GBX -2.01%

IN BRIEF: Foresight Solar Fund confirms electricity generator levy hit

11/24/2022 | 08:32am

Foresight Solar Fund Ltd - Jersey-based investment fund focused on solar photovoltaics and battery storage - Confirms it will be affected by the electricity generator levy in the UK. Says potential impact would be a 0.8 pence hit to net asset value per share at September 30, which was 126.4p per share. It said it would get a 7.9p boost from a reversal of the power curve discount but take a 8.6p hit from applying the levy to its forecast UK solar generation revenue. Its battery storage assets are not expected to fall within scope of levy.

The electricity generator levy, announced as part of the UK government's autumn statement, is a temporary windfall tax of 45% applied to wholesale market revenue above GBP75 per megawatt hours on low-carbon electricity generation. Levy will be applied from January 1, 2023, until March 31, 2028.

Current stock price: 117.24 pence, down 1.2% in London on Thursday

12-month change: up 17%

By Chris Dorrell; chrisdorrell@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Copier lien
All news about FORESIGHT SOLAR FUND LIMITED
2d ago
11/24
11/24
11/24
09/30