Tuesday 28 January 2020

Foresight Group secures €342m for low carbon fund

Foresight Group secures €342m for low carbon fund

Foresight Group has announced it has secured total commitments to-date of €342 million (£289.6m) to its Foresight Energy Infrastructure Partners fund.

Foresight notes commitments to the fund have been made by institutional investors from across Europe and expects it will now acquire assets rapidly, using €275 million (£233m) of the secured commitments.

The fund will invest in all aspects of new low carbon energy infrastructure, including wind, solar and hydropower as well as storage, transmission and distribution assets.

Dan Wells, Partner at Foresight, said: "Foresight Energy Infrastructure Partners’ strategy has been designed specifically in the context of the evolving energy infrastructure sector, given the global transition to decentralised, digitised and decarbonised networks.

"While we are delighted with the commitments secured for the first closing, the team’s focus is on the future and the rapid deployment of Foresight Energy Infrastructure Partners into a high-quality asset portfolio."

Written by

Bruna Pinhoni

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