Foresight and John Laing to acquire Sandridge Battery Storage for c. £25m.

Infrastructure funds Foresight and John Laing agreed to acquire Sandridge Battery Storage, a 50MW lithium-ion battery energy storage system based in Melksham, UK, for c. £25m. "Battery Storage Systems are a complementary and exciting new growth area for Foresight Solar and we are delighted to have acquired a significant stake in the 50MW Sandridge Battery Storage project, the first of our investments in this asset class. Diversification into BSS will provide increased scale, diversification and operating efficiencies alongside the Company's existing portfolio and should offer an additional source of attractive investment returns on a risk adjusted basis going forward," Alex Ohlsson, Foresight Solar Fund Chairman.