Foresight Group LLP has said it is considering an offer for Harmony Energy Income Trust plc.
The possible cash offer of 84.0 pence per share values the ordinary share capital of HEIT at £190.8 million and represents a 29% premium to the closing share price of 65.2p on 14 March 2025 and a 76% premium to the closing share price of 47.8 pence on 29 May 2024.

Foresight is a longstanding investor in UK battery storage assets and it said it “recognises HEIT’s leading platform and considers HEIT’s battery energy storage system portfolio to be highly complementary with Foresight’s strategic mandate and Foresight’s existing investments in renewable energy and storage.”
The Harmony Board said it would be minded to recommend such an offer to its shareholders, subject to the agreement of other terms now under discussion.
Foresight now has until 14 April to either announce a firm intention to make an offer, or announce that it does not intend to make an offer.