Foresight Solar Fund Limited announced several days ago the publication of the prospectus dated 20 September 2013 in relation to an initial public offering (IPO) by way of a placing and offer for subscription of up to 200 million ordinary shares with a total value of £200 million.

Foresight Solar Fund intends to invest the net proceeds of the issue in an identified portfolio of UK ground based solar power plants.

The IPO is being structured as a placing primarily targeted at institutional investors and an offer for subscription available to individual investors in the UK.

RBC Capital Markets has been appointed as sole Global Co-ordinator, Sponsor and Bookrunner to the Company. Winterflood Securities Limited has been appointed as the Co-Lead Manager.

Commenting on the announcement, Jamie Richards, Partner of Foresight Group, said:

"On Admission, the Foresight Solar Fund is expected to be the largest solar-focused UK listed fund, and, with binding commitments in place to acquire a portfolio of operating assets, presents investors with an infrastructure risk profile and the more predictable returns that UK solar offers over wind. A Government support regime which provides a stable 20 year revenue stream rising in line with RPI and the increasing availability of utility scale solar assets makes it the right time to launch the Company now.

The UK solar sector is predicted to continue to grow in the coming years providing opportunities for further growth for the company. Having issued the largest UK Solar Bond to date earlier this year and with approximately £450 million of solar assets under management, Foresight Group has proven expertise in solar investment and is well positioned to deliver on investor interest in this space."

The latest date for receipt of placing commitments is Wednesday 23 October 2013. The announcement of the results of the Issue will be on Thursday 24 October 2013 and a potential listing on Tuesday 29 October 2013.

There is an option to extend the issue by an additional 50 million ordinary shares (£50 million).