Foresight Group US, LLC ("Foresight US”), part of the international infrastructure and private equity investment manager Foresight Group, is pleased to announce the completion of the acquisition of a 3.6MW plant in Lancaster, California, being the fifth project acquired to-date in the US. Foresight US opened its headquarters in San Francisco in 2013.
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The acquisition brings Foresight US’s solar assets to 10.1MW.
Pietro Zerauschek, Managing Partner of Foresight US said "this acquisition represents another significant step in Foresight’s development in the US and a milestone in respect of Foresight Group replicating its successful international solar business in North America. Foresight Group views the US as a very important growth market for its solar portfolio, which now stands at around 500MW globally”.
For further information, please contact:
Pietro Zerauschek: Foresight Group: pzerauschek@foresightgroupUS.com +1 (415) 815-8836
Notes to editors:
About Foresight Group US LLC
Foresight Group US LLC is the wholly owned subsidiary of UK based Foresight Group LLP, which has been managing investment funds on behalf of institutions and retail clients for 30 years. With a background in Private Equity and Venture Capital, Foresight has diversified activities and today manages institutional funds principally in Infrastructure (Solar and PPP), Environmental and small cap Private Equity.
Foresight has in excess of $2 billion assets under management, which includes a $1.5 billion portfolio of c. 500MW operational ground mounted solar assets. Foresight first established its US office in January 2013 and recently completed the acquisition of its second US asset, a 4.5 MW solar portfolio of three projects in Colorado.
Recent hires to the team include Lynn Smull, who joins as Director in San Francisco and brings over 25 years of project and infrastructure experience and Anthony Kim, who joins Foresight US as Investment Analyst from Reznick Capital Markets Securities following his time as Lead North American Solar Energy Analyst at Bloomberg New Energy Finance.
Foresight has offices in the USA, UK and Italy