Foresight named Infrastructure Financier of the Year at the Green Innovation and Finance Awards

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Foresight Group ("Foresight”), a leading independent infrastructure and private equity investment manager, has been awarded Infrastructure Financier of the Year at the Green Innovation and Finance Awards. The results were announced at a ceremony held at the InterContinental Park Lane Hotel which included an address from the Rt. Hon Sir Edward Davey, Former Secretary of State for Energy and Climate Change.
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The judges commented: "Foresight Group stood out as the most active and successful large-scale financier in this category. The judges were particularly impressed with the group’s mobilised investment of £900 million across 28 projects in the UK.”
In the waste sector, Foresight typically invests into structured equity, supporting projects of between £3 million to £200 million and manages six funds, four of which were launched over the past 24 months. Foresight has mobilised capital investment of more than £900 million across 28 waste projects in the UK, which when operational, will have a waste processing capacity in excess of 1.8 million tonnes per annum, saving 700,000 tonnes of CO2 emissions every year and generating 132MW of clean energy, sufficient to power more than 280,000 UK homes.
Beyond the waste sector, Foresight is also a leading investor in Solar Infrastructure, managing £1.3 billion of assets including two listed companies - Foresight Solar Fund Limited ("FSFL”) and Foresight Solar & Infrastructure VCT plc, five Solar EIS Funds as well as Joint Ventures investing in operational ground-mounted solar power plants in the UK, Southern Europe, the USA and Australia.
Foresight has established an aggregate international portfolio of 84 solar plants under management with a combined capacity of 900MW. In 2017 Foresight has already completed three significant transactions in the solar sector including the acquisition of its first solar asset in Australia, the 25MW Barcaldine project in Queensland.
In late 2016 Foresight acquired second generation meter asset provider ("MAP”) Utility Funding Limited ("UFL”), which owns and rents a portfolio in excess of 150,000 smart meters. Foresight Metering is focused on lowering the cost on finance for customers and shareholders, roll-out flexibility and developing trust through transparency.
Ben Thompson, Group Marketing Director Foresight commented: "We are delighted that Foresight has been awarded Infrastructure Financier of the Year in the inaugural Green Innovation and Finance awards. It is a credit to the hard work and dedication of our expanding team of investment and technology professionals who are increasingly focused on the new energy grid infrastructure required as economies around the world transition away from centralised fossil fuel energy generation to intermittent clean energy generation.”
For more information contact:
Ben Thompson, Foresight Group: / +44 (0)20 3667 8155
About Foresight Group LLP
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 £2.3 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
As one of Europe’s leading solar infrastructure investment teams, Foresight funds currently manage more than £1.3 billion in some 70 operating Photovoltaic ("PV”) plants in the UK, Southern Europe, Australia and North America.
Foresight is proud to have sponsored Foresight Natural Energy, the 2016/17 Vendee Globe boat of Kiwi sailor Conrad Colman, who against considerable obstacles, including a dismasting 750 nautical miles from home, successfully crossed the finish line under jury rig at Les Sables d’Olonne on 24 February after 110 days at sea having circumnavigated the globe single handed, non-stop and without assistance, using zero emissions. #crazykiwi
Foresight Group is headquartered in London, with international offices in Rome, San Francisco and Sydney and regional UK offices in Nottingham, Manchester and Guernsey.