Our funds own five wind assets with 88MW of asset under management. These assets are all UK based and reflect increasing diversification across different and complementary renewables platforms. We are currently monitoring a large pipeline of both domestic and international wind opportunities for the future.
The following represents the attractiveness of Foresight's investments in the UK wind market:
Long term power offtake
All of our assets benefit from long term power purchase agreements with investment grade counterparties.
Tier 1 technology
All our assets benefit from tier 1 turbine technology and long term full service Operating and Maintenance Agreements with the original turbine suppliers.
De-risked operational portfolio
Our portfolio is substantially de-risked and accredited under the Renewable Obligation (“RO”) and Feed in Tariff (“FiT”) regimes.
Strong investment and management team
Dedicated team of 35 investment professionals and an infrastructure support team of 38, including an asset management and finance function.
Government backed revenues
There is strong regulatory support via the RO and FIT, providing 20 year Retail Price Index (“RPI”) linked, Government backed revenues.
Government renewable energy target
The UK Government is targeting a 20% energy generation from renewable sources by 2020.