RE: NAV26 Nov 2022 22:38
This any good.
From Proactive Investor:
Foresight Solar Fund Ltd (LSE:FSFL) will suffer a modest hit to its NAV following the introduction of the windfall tax on renewable generators on 1 January, it has announced.
In a statement following the fund, it confirmed its net asset value of £771.2mln (126.4p) in late September would be reduced by 0.8p due to the new 45% tax.
After Russia’s invasion of Ukraine saw energy prices skyrocket, low-carbon generators have been among companies enjoying hiked profits, leading the government to introduce the levy.
Foresight added in its statement that it’s solar assets will be affected by the levy, while its battery storage resources will not.