Foresight exceeds initial hard cap with further interim close at EUR787 million

Foresight Group Holdings Limited announces a further interim close for Foresight Energy Infrastructure Partners (FEIP) having secured total commitments of EUR787 million (US$934 million). Including co-investments to date of EUR170 million (US$201.8 million), this represents a total capital pool of EUR957 million (US$1.14 billion) for Foresight’s energy transition strategy.

The close sees a total of EUR71 million (US$84.3 million) of new commitments from investors since the interim close announced in June 2021. The maximum fund size permitted has been increased following consent from investors and the final close will now be in September 2021 after an extension to the fundraising period was granted.

The Fund has made four investments to date, two construction greenfield wind assets, an operating wind farm, and an energy-from-waste plant. All assets have been independently assessed for compliance with the EU Green Taxonomy and each asset acquired by the Fund will also be certified. Together with alignment to the UN’s Sustainable Development Goals, this provides investors with greater transparency on the impact credentials of the portfolio and gives assurance that projects are making a genuine contribution to global sustainability targets.