News

Foresight announces closing of co-investment for 231MW Skaftasen wind project

Foresight Group LLP is pleased to announce the closing of co-investment from leading European institutional investors alongside Foresight Energy Infrastructu...

Foresight and Belltown join forces in UK onshore wind development venture

Foresight Group LLP and Belltown Power Limited are pleased to announce the formation of a joint venture to develop Belltown’s pipeline of greenfield onshore...

Foresight appoints Steven Hughes as Director and Head of Portfolio

Commenting on Steven’s appointment, Foresight Partner, Ricardo Piñeiro, said: “We are thrilled to have Steven join our expanding team, where he will undertake the important task of managing and optimising our growing infrastructure portfolio. With his broad-based knowledge of the sector, he will immediately be able to apply his experience and leadership to our existing assets and portfolio and technology team, and his expertise will be invaluable as we continue to build out our renewables infrastructure portfolio globally.”

Foresight announces first closing of European-targeted, sustainability-led energy infrastructure fund securing commitments of €342 million

Foresight has an extensive pipeline of investment opportunities and it is expected that the Fund will acquire assets rapidly, using €275 million of the total €342 million of commitments that are available on first Closing. FEIP will invest in all aspects of new low-carbon energy infrastructure. This includes: (i) a diverse range of renewable energy generation technologies particularly wind, solar and hydropower; (ii) flexible renewable-enabling infrastructure, such as batteries and other forms of energy storage; and (iii) transmission and distribution assets.

Foresight and EDF Trading enter into a 10-year power purchase agreement (PPA) for the 50 MW Guzman subsidy-free solar project

Carlos Rey, Director at Foresight, commented: “We are delighted to have agreed terms with EDF Trading for this fixed rate 10-year PPA for power generated by our 50 MW solar plant in Puebla de Guzman, which is under construction.  Securing the revenues for our largest subsidy-free energy infrastructure investment in the region with such a highly rated counterparty as EDFT is further validation of our investment model for projects with no government-contracted revenues.”  He added, “We are proud that our solar portfolio makes a valuable contribution to the fight against climate change and we remain committed to investing for a smarter future.”

Foresight acquires the 231MW Skaftåsen wind project from Arise AB

As a leading sustainability led investment manager the 231MW project has been assessed favourably against Foresight’s ESG requirements and it is estimated that the project will generate power equivalent to saving 425,000 tonnes of CO2 emissions per annum when compared to coal-powered electricity generation.  The project will also contribute 1% of revenues to the local community during operations.

Leading renewables infrastructure investor, Foresight Group, breaks through 2GW of generating capacity

Foresight has been investing in innovative technologies for over 35 years; following the tech crunch and the bursting of the dotcom bubble in the early 2000s, Founder and Chairman Bernard Fairman identified clean energy as an emerging sector.  Initially investing in clean technology companies, Foresight rapidly grew its expertise in waste to energy managing funds for the London Green Fund and the UK Green Investment Bank, and in Solar managing the largest solar focused renewable infrastructure company, the £1.1bn Foresight Solar Fund Limited which listed on the London Stock Exchange in 2013 and was recently welcomed into the FTSE 250 index.

Award-winning Foresight Capital Management reaches £500 million funds under management in less than two years

Established in 2017, the team manages two OEICs, FP Foresight UK Infrastructure Income Fund (“FIIF”) and FP Foresight Global Real Infrastructure Fund (“GRIF”). FIIF focuses on renewable energy and infrastructure investment companies in the UK. GRIF invests into the publicly traded shares of companies that own or operate real infrastructure and renewable energy assets globally.

Origis Energy completes the sale of an operational 41MW solar portfolio in Italy and Slovakia to ForVEI II

Commenting on this significant transaction for the Fund Federico Giannandrea, Partner & Head of Southern Europe, Foresight said: “We are delighted to have acquired this operational 41MW FiT portfolio from Origis, the first significant acquisition for ForVEI II, which launched last year.  We have a strong pipeline of projects for the Fund and significant interest from other investors.”

Foresight acquires two operational wind farms of 37.5MW

Helen Downie, Senior Investment Manager, Foresight Group said: “We are delighted to have completed the acquisition of these two windfarms from Glennmont. We continue to strengthen our diversified energy infrastructure portfolio throughout the UK, which is comprised of various renewable generation technologies and supporting infrastructure. The acquisition is a further demonstration of our market-leading renewables investment presence in the UK.”

Foresight acquires AD plant portfolio producing enough energy to power in excess of 30,000 homes

The Euston and Bay Farm plants are located in Thetford and Newmarket. In combination, the plants will produce c. 95,000 MWh of power per annum, which is the energy equivalent of powering 30,000 homes in the UK. Both plants are fully operational with remaining operating lives of 17 and 18 years for Euston and Bay Farm respectively. On an annual basis, the portfolio will offset approximately 10,700 tonnes of C02 compared electricity generated from coal. Further investment in the sites will capture all of the CO2 which will be suitable for use in drinks manufacture.

Chart-topping UK infrastructure income fund listed in Fidelity’s ‘Select 50’ as the asset class gains in popularity

FP Foresight UK Infrastructure Income Fund (“FIIF” or “the Fund”) has been chosen by Fidelity International to feature in its ‘Select 50’, a list of its highest conviction funds.  Selected by Fidelity’s team of investment analysts, FIIF has been recognised for outstanding performance to date that has seen the Fund outperform its target return and reach £339 million net asset value[1].