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Foresight Group (“Foresight” or the “Company”), a leading independent infrastructure and private equity investment manager is pleased to announce the appointment of Paul Andrews as Director and Head of Portfolio.
Paul joins the 95 strong infrastructure team at Foresight with more than 25 years’ experience in sustainable energy ansd environmental engineering, most recently working at a specialist consultancy firm focused on sustainability projects, having previously held executive positions for FCC, Energy Developments Pty and Shanks Waste Management (now named Renewi plc).
Based at Foresight’s global HQ in the Shard, Paul joins Foresight’s dedicated asset management team who are responsible for optimising operational performance at more than 145 renewable energy projects around the world, including solar, wind and bioenergy assets.
Foresight is a leading investor in solar, wind and bioenergy infrastructure in the UK, Europe and Australia. Foresight’s investment activity in the bioenergy space is focused on energy production from waste-wood, organic food waste as well as undertaking waste sorting and recycling. To date, the Company has mobilised more than £1 billion of capital into projects delivering a waste processing capacity of more than 2 million tonnes per annum. Foresight’s current portfolio includes combined heat and power, composting, materials recovery and anaerobic digestion plants. At present, it is actively pursuing and investing in new opportunities across the UK, Europe and Australia.
Commenting on the Paul’s appointment, Foresight Partner and Head of Infrastructure, Nigel Aitchison said: “We are delighted to have Paul on board to undertake the important task of managing our infrastructure portfolio. He will be able to apply his wealth of experience to our existing assets and his expertise will be invaluable as we continue to grow our bioenergy and broader renewable generation portfolio globally.”
Paul Andrews added: “I am thrilled to be joining one of the leading environmental infrastructure investment and asset management teams in Europe and I am looking forward to optimising operational performance across Foresight’s growing portfolio.”
For more information contact:
Ben Thompson, Foresight Group: firstname.lastname@example.org / +44 (0)20 3667 8155
Notes to 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 £2.9 billion of Assets Under Management across a number of institutional and UK retail funds.
Foresight is a leading renewables infrastructure investor with over £2 billion of energy infrastructure assets under management. Foresight currently manages more than 140 renewable generation assets globally, with a total generating capacity of 1.6GW.
In Solar, Foresight has invested in over 100 solar plants and has more than 1.1GW of solar generation assets under management around the world.
In Wind, Foresight has more than 165MW of wind generation assets across the UK and Germany.
In Bioenergy, Foresight has invested in 32 waste projects with a 115MW baseload generating capacity, processing over 1.8 million tonnes of waste per annum, having mobilised some £1bn of capital investment. These projects when fully operational will divert some 800,000 tonnes of waste from landfill every year, saving more than c.600,000 tonnes of CO2 emission every year.
In addition, Foresight manages 160MW of Reserve Power assets and two utility scale Battery Storage projects providing 45MW of Enhanced Frequency Response (“EFR”) services to National Grid.
Foresight is headquartered in London with regional offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.