Emirates NBD confirmed on July 4th that it will support investment in Britain's renewable energy market through a partnership agreement with Foresight Group, the environmental, infrastructure and private equity asset manager.

Emirates NBD through their wealth management division has committed to distributing co-investments with Foresight in UK renewables projects.

In 2012, Foresight was mandated to invest £50 million of Green Investment Bank (GIB) funds in UK based waste and renewable energy infrastructure projects, through GIB's cornerstone investment into the UK Waste Resources and Energy Investments Fund (UKWREI).

Mark Burrows, Institutional Sales Director at Foresight said:

"The UK waste and renewable energy infrastructure market continues to present a compelling investment opportunity, in particular to investors in the Middle East. It is expected that Emirates NBD will provide matched funding alongside Foresight's GIB-cornerstoned fund. This agreement is very exciting - not only for Foresight, but importantly for the waste and renewable energy market across the UK. It is clear that demand for UK infrastructure investments remains high among Middle Eastern investors."

Mohammad Iravani, Head of Private Capital Investments at Emirates NBD Wealth Management said:

"With a growing global focus on renewable and eco-friendly energy options, investment in these alternative asset classes is generating great interest among many of our clients at Emirates NBD Wealth Management. This is also in keeping with our strategic focus at Emirates NBD to encourage energy efficiency and environmentally friendly practices. We are pleased to work with Foresight Group to enable our High Net Worth clients to explore investment options in UK's clean energy projects."

Source: Foresight Group