Overview and Strategy

Foresight Infrastructure aims to deliver long term, stable investment returns to investors.

With government backed incentives for renewable energy generation and government supported long term PFI contracts, returns are expected to be more predictable with relatively lower risk, generating a stable stream of future cash flows out of which regular dividends can be paid.

Foresight arranges the optimum funding solution for each project, which typically includes a project finance debt facility and equity from one of Foresight’s infrastructure funds. Foresight is interested in projects that exhibit:

  • Contracted or highly predictable income streams.
  • High yielding operating or turnkey construction stage.
  • High quality contract counterparties.
  • Stable political and legal jurisdictions.

The multinational Foresight infrastructure team comprises individuals with operational, financing, legal, tax and structuring expertise in the renewable energy and PFI sectors. Foresight has a particular expertise in the solar PV sector having invested in over £1,300 million of operating solar plants across Southern Europe, USA, Australia and the UK.

UK

In the UK, we invest predominantly in operating solar and PFI projects, managing money on behalf of institutional and retail investors across listed vehicles, limited partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs);

In May 2013 Foresight executed an innovative refinancing of its UK solar assets through the issue of an index-linked Solar Bond, the largest in the UK to date at £60m, listed on the London Stock Exchange, which saw an immediate increase in target returns for investors of 15%.

In October 2013, Foresight successfully listed the £150m Foresight Solar Fund Limited (ticker FSFL) on the main market of the London Stock Exchange, attracting backing from more than 150 institutional investors, and since October 2014 has raised a further £164m.

US

Operating out of Foresight’s North America headquarters in the heart of San Francisco’s financial district, we are currently investing primarily in construction stage solar projects. To-date we have successfully acquired assets in California and Colorado and are actively developing an investment pipeline nationwide across the US and elsewhere in North America including Canada and Mexico. North America is a key focus for growth for Foresight Group over the coming 3-5 years.

Fundamental to this strategy has been the establishment of an innovative renewable energy investment platform with a major US corporation. The platform has been structured to optimise the economic efficiency of investments and to enable investors to monetise available Federal, State and local-level tax attributes available to renewable energy assets in the US.

We are targeting both ground-mounted and rooftop solar plants with an appetite ranging from aggregated small-scale distributed generation assets up to large-scale utility projects.

ITALY

In Italy we invest in operating solar projects and energy efficiency. In addition, we manage c.90MW portfolio of solar assets for ForVEI, a joint venture comprising VEI Green, CDC Infrastructure, Foresight Solar VCT, Quercus Renewable Energy and Adenium Solar Energy, which has recently announced a doubling of its commitment to the Italian solar sector to €75 million, with the target of growing its portfolio to in excess of 100MW of solar assets.

Go to ForVEI website.

AUSTRALIA

Our office in Sydney was established to coincide with the $100m cornerstone commitment from the Clean Energy Finance Corporation (CEFC) to a Foresight managed Bioenergy fund, the Australian Bioenergy Fund (ABF).

In addition, we have acquired a large scale solar project in Australia on behalf of Asian investors and are currently transacting a number of other solar projects.

We operate out of a 5 person office in the CBD supported by a combined Bioenergy and Solar team of 50 in London managing more than $2.5bn of assets.