Funds managed by investment manager Foresight Group have sold a 50% interest in a Bess in Scotland and another in England in commercial operation.
Foresight Solar has exchanged contracts for the sale of its interest of 50% in Lunanhead, an Activum of 50 MW Battery Energy Storage System (Bess) in Perthshire, Scotland, said it earlier this week (27 August).
The project was jointly owned by another Foresight Group Fund, Foresight Environmental Infrastructure Fund (FGEN), and was sold to a third party at a price in accordance with the book value on 30 June 2025. The deal would have to complete this quarter later.
Foresight Group also investigates options for Clayfords, a 50 MW Bess in which Foresight Solar contains an interest of 50% with a sale.
In the meantime, the 50 MW Sandridge Bess, also jointly owned by the solar energy and FGEN, has been ratified and will now start with the final commissioning and testing, with the commercial operation that expected shortly thereafter.
Foresight Group recently became one of the largest BESS owner operators in the UK thereafter It acquired the Harmony Energy Income Trust (Heit) and its 400 MW/800MWH portfolio or Operational Bess In July. It acquired the Via Fundsight Energy Infrastructure Partners II (FEIP II), 49%, and Blackmead Infrastructure Limited, which lasted 51%.
The CEO of the former investment advisor of Heit, Harmony Energy, gave an interview this week to our sister site Energystorage.news (Premium Access article) To discuss the strategy in the future.
Sales followed at a period of falling income in the United Kingdom in which valuations and dividends saw plummet for the large listed Bess funds in the UK, including Heit. Foresight Solar is traded publicly, but also includes solar energy, while the funds that have acquired are not.
