Foresight Group Holdings Limited | Investment profile, portfolio

London-based investment manager with solar, wind, and hydro funds

Established in 1984, Foresight are a large-scale infrastructure and equity fund manager. Currently, the London-based group is managing £8.7bn worth of assets. They currently manage over 300 renewable assets through several subsidiary funds.

What’s the focus of Foresight Solar Fund?

The Foresight Solar Fund has invested in over 1GW worth of solar projects located in Spain, the UK, and Australia with a market value of £660m. Their closed-end fund, JLEN has a more diverse portfolio with hydro, solar, anaerobic digestion, and wind assets. In September 2021, Foresight reported growth of rates of 25% and 34% in their assets under management and funds under management. The growth highlights the strong position of the company as one who are attempting to be amongst the key players to achieve a net-zero future.

BayernLB and Foresight partner for 99MW Granada solar plant

In April 2022, it was announced that Munich bank BayernLB will finance three solar projects located in the south of Spain. The Granada solar projects will have a total installed capacity of 99MW. The Munich bank will act as a lender to provide a loan to three special purpose vehicles which own the plants. The special purpose vehicles are part of Foresight’s subsidiary fund, the Foresight Solar Fund.

Acquisition of 277MW onshore wind farm in Sweden

The Foresight Energy Infrastructure Partners fund managed by Foresight Group acquired the 277MW Kolvallen onshore wind farm in Sweden from the Swedish developer Arise. The construction, which will continue to be managed by Arise, is expected to become operational by 2025. The project is the funds’ largest investment so far.

Picture Source: Unsplash, 19.03.2021