News

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 invests £2.0 million into innovative ultrasound technology company Novosound

Ultrasound sensors produce sound waves with frequencies above the audible range of humans which transmit through an object to measure or image internal features. Commonly known for its use in maternity wards and other hospital departments, ultrasound imaging is also extensively applied in industrial settings as a safe Non-Destructive Testing (“NDT”) technique for revealing below-surface deformities, cracks or corrosion.

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.

Foresight invests £1.6 million into smart hot water tank company Mixergy

Mixergy was founded in 2014 by Peter Armstrong, CEO, and Ren Kang, Head of R&D, following the completion of their PhD research at Oxford University where the duo originally developed the idea during their doctoral research.  The team has since grown to 17 staff and built strong relationships with British Gas, a major installer of tanks.

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.

FSFL: OFGEM ‘Targeted Charging Review’ Update - 27.11.19

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.”

FSFL Director Declaration - 20.11.19

Foresight makes c.2x return in 3 years on sale of Idio Ltd to Episerver Inc

Idio is a content personalisation and analytics platform powering the digital buying experience of some of the world’s largest enterprise organisations. Through real-time predictive analytics, Idio helps close the gap between what customers want and what businesses can offer. Idio predicts the interests and intent of every individual buyer and automatically delivers hyper-relevant content to better engage each customer for improved business results and brand affinity.

Foresight invests £749k into University of Nottingham spin-out Promethean Particles

Foresight Group LLP (“Foresight”) is pleased to announce a £749,000 growth capital investment into Promethean Particles Limited (“Promethean” or “the Company”), a company specialising in the manufacturing of nanomaterials.  The finance boost will allow the firm to create new jobs, scale its production capabilities and enter untapped global markets.

Innovative biopharmaceutical company Biotherapy Services Ltd secures £3.0 million investment from Foresight

Foresight Group (“Foresight”) is pleased to announce a £3.0 million investment into Biotherapy Services Limited (“BTS” or the “Company”), a biopharmaceutical company specialising in regenerative medicine for the treatment of complex wounds.  One of its products is currently undergoing a clinical trial for treating chronic diabetic foot ulcers (“DFUs”).