EB-Sustainable Investment Management completed the acquisition of a minority stake in the Lorca portfolio from Foresight Solar for €26.9m.

EB-Sustainable Investment Management, a company that offers sustainable investment solutions to institutional and private investors, completed the acquisition of a minority stake in the Lorca portfolio, a 99MW subsidy-free portfolio that includes three assets, from Foresight Solar, a sustainability-focused fund investing in solar and battery storage assets in the UK and internationally, for €26.9m. "After a comprehensive analysis of our portfolio, we concluded these assets were the ideal option to start our divestment process. This deal clearly exemplifies our strategy: we acquired Lorca at the ready-to-build stage and capitalised on the Investment Manager's expertise to construct the assets and bring them to operations, realising the full financial upside for the Company. We are now selling a stake at a premium to crystallise value and recycle capital into other options while maintaining exposure to an asset that will continue to deliver long-term revenues and contribute to dividend cover," Alexander Ohlsson, Foresight Solar Chair.