The Foresight Group has acquired a majority stake on the 110 megawatts Bannerton Solar Project in Victoria. The firm will take 48.5% stake in the said solar project as reported by PV-Tech.
This will be the firm’s first overseas investment and acquisition, thus expanding the company’s portfolio by 11% in capacity and totaling 20 assets with a combined power generation of 528 megawatts. The planned solar project once operational will be connected to the grid by July 2018.
We are pleased to have finished FSFL’s first overseas acquisition in Australia alongside the renowned financial institutions and investors KDB KIAMCO and Hanwha, growing the company’s portfolio to 20 assets with a capacity of 528MW
Ricardo Piñeiro, partner at Foresight Group