This month, we explored the growing role pension capital can play in supporting the UK’s energy transition. Reflecting on the first anniversary of the Mansion House Accord, we highlighted how renewable infrastructure assets can offer long-duration, inflation-linked cashflows and stable income while contributing to energy security, affordability and decarbonisation. 

We also welcomed the UK government’s decision to include investment companies within the Pension Schemes Bill, which could help unlock greater institutional investment into infrastructure and provide pension schemes with broader access to investment opportunities aligned with their long-term objectives.

We also published our Q1 2026 trading update and NAV announcement. As at 31 March 2026, NAV remained stable at 99.2pps despite lower-than-expected irradiation in the UK. This was partially offset by higher power price and inflation assumptions and the continued impact of share buybacks. Importantly, the UK government’s recently announced policy changes are not expected to affect Foresight Solar’s 2026 dividend target of 8.10pps or anticipated dividend cover of 1.1x.

Ahead of our Annual General Meeting, we shared several updates outlining the board’s strategy and encouraging shareholder participation. These included details of the directors’ plan to address the share price discount through portfolio renewal, disciplined asset sales and reinvestment into long-term contracted assets, while continuing to deliver sustainable income for shareholders. We also highlighted Foresight Solar’s track record of dividend payments, operational performance and long-term growth opportunities through its development pipeline and portfolio optimisation initiatives.

Lastly, we were pleased to be nominated for Best Investment Trust for Income in The Armchair Trader’s Online Money Awards 2026. The nomination recognised Foresight Solar’s long-term income track record, including uninterrupted quarterly dividend payments since listing in 2013 and a resilient portfolio that has outperformed budget in nine of the last 12 years.