Foresight Group bolsters European solar team

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1 March 2010: Foresight Group (“Foresight”), a leading alternative asset manager, has bolstered its Solar Team with the appointment of Federico Giannandrea as Investment Director.

Federico joins Foresight from Absolute Energy Capital LLP (‘Absolute Energy Capital’), where he was Chief Operations Officer and Head of Legal.  Absolute Energy Capital is a spin-off of the Renewable Energy Team from Deutsche Bank. After taking responsibility for starting up the business, Federico assumed the role of COO, where he controlled the budget and the compliance function. In his capacity as Head of Legal, he was involved in the development of the renewable energy pipeline, as well as the negotiations of the strategic partnerships and in the construction of an 8MW solar plant in the South of Italy.

Prior to working at Absolute Energy Capital, Federico was Vice President at Deutsche Bank AG in the London Renewable Energy Team. In this role he developed the Italian solar and wind portfolio, where he played an active role in the development and financing process of the acquisition of a range of solar and wind projects throughout Italy.  In his role at Foresight, Federico will be responsible for originating, structuring and executing solar PV transactions.

Jamie Richards, CEO of Foresight Solar commented:

Federico joins us at a time when the size of projects we are executing has increased significantly and so his expertise will help us optimise the execution of these transactions. His legal background adds a new dimension to the team and we are very pleased to have him on board,”

Pietro Zerauschek, Technical Director of Foresight Solar and Head of the Rome Office added:

”“Federico’s extensive experience of the Italian solar sector will complement the existing expertise within our team.  His knowledge of regional compliance issues, as well as his relationships with banks, construction contractors and developers will play an important role in our ongoing solar activities, both in Italy and elsewhere in Southern Europe.”