In case you missed it: Foresight Solar’s 2024 results showcased the resilience of our operational portfolio. Our fund managers, Ross Driver and Toby Virno, sat down to talk through the financial year’s highlights.
Watch the video to learn how we have optimised the portfolio, doubled our proprietary development pipeline, sought to deliver value to investors, and strengthened shareholder engagement.
While 2024 brought challenges, FSFL remains focused on delivering income and growth over the long term.
Despite record bad weather, our operational assets performed well, producing enough renewable power for hundreds of thousands of homes. We've been busy laying a strong foundation for the future through our proprietary development pipeline. Highlights included an agreement to double our development capacity in Spain and significant progress on our first solar development project in the country, which should be ready to build later this year. In Australia, we launched the sale process for the local portfolio with the aim to agree a deal later this year. Today, the company announced an extended target with more divestments to happen this year. In the meantime, we've secured advantageous power prices and continued implementing our active hedging strategy to give us greater revenue visibility. It's not been an easy market, but we're delivering on shareholder requests with revised investment management fees, one of the largest buyback programs in the sector and a fully covered higher dividend for 2025. Together with the Board, we're also seeking long term solutions. In the best interests of our investors, overall, Foresight Solar is delivering its income and growth strategy. Continue to watch this space for more updates soon.
