London, 26 June 2018: Foresight Group (“Foresight”) a leading infrastructure and private equity investment manager has acquired 100% of the shares in a portfolio of five operational anaerobic digestion (“AD”) plants from Lindhorst Gruppe (“Lindhorst”), a family-owned group of companies.
The acquisition signals Foresight’s appetite for bioenergy and wider renewable energy assets in the German market.
In total the plants export 17MWe - equivalent of electricity and biomethane and in addition sell heat and certified biofertiliser, whilst benefiting from the German EEG renewable subsidy.
Minal Patel, partner at Foresight said, “We are delighted to have grown our Anaerobic Digestion portfolio with this acquisition from Lindhorst Gruppe. This deal marks Foresight’s expansion into the European AD sector and further consolidates our strong market position in the UK and Europe.”
Dirk Wenzel, CEO Lindhorst Gruppe, added: “We are pleased to have found a professional partner in the Foresight Group, who will continue and develop the regenerative biogas portfolio with the same sense of responsibility as we did. We ourselves will continue to work in the field of renewable energies and will make further investments.”
With this acquisition, Foresight strengthens its renewable energy portfolio to 20 AD plants in the UK and Germany, generating 154 MW of clean renewable energy.
Commercial Adviser: Aurora Advisors inc.
Legal Adviser: Ashurst
Financial Adviser: Ernst and Young
Technical Adviser: Fichtner
Insurance Adviser: Marsh
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Notes for editors
About Foresight Group LLP (“Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has over £2.5 billion of Assets Under Management across a number of funds, including Listed Vehicles Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BRP).
As a global leading solar infrastructure investment manager, Foresight currently manages more than £1.6 billion in over 80 operating Photovoltaic (“PV”) plants with a generating capacity of 1.1GW in the UK, Southern Europe and Australia.
In Bioenergy, Foresight has mobilised £900m of capital investment into 33 waste projects, which when fully operational with have a waste processing capacity of over 2 million tonnes per annum, diverting some 1 million tonnes of waste from landfill every year and generating 154MW of clean energy, saving more than 750,000 tonnes of CO2 emission every year.
Foresight is headquartered in London with regional offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Seoul and San Francisco.