Foresight Group, a leading infrastructure, and private equity investment manager has reached an interim close for Foresight Energy Infrastructure Partners (FEIP) having secured Fund commitments of around EUR430 million (US$583 million).  Including co-investments to date, this represents a total capital pool in excess of EUR600 million (US$813 million).

This close sees new investment from Postens Pensionsstiftelse, the investment manager of the Swedish National Post Service, and a US-based institutional investor alongside the first close commitments of EUR342 million (US$463 million) announced in January 2020.  In April this year, Foresight signed advisory agreements with nine co-investors for the acquisition of the 231 MW Skaftåsen wind project in Sweden (announced April 202

Each asset acquired by the Fund is independently assessed for compliance with the EU Green Taxonomy.  Together with reporting on alignment to the UN’s Sustainable Development Goals, this provides investors with greater transparency on the sustainability credentials of the portfolio and gives assurance that projects are making a genuine contribution to global sustainability targets.

FEIP’s investment strategy has been shaped to achieve specific decarbonization objectives in line with the Paris Climate Agreement.  It aligns with the UN’s Sustainable Development Goals (SDGs), in particular with respect to Affordable and Clean Energy (SDG 7), Industry, Innovation and Infrastructure (SDG 9), and Climate Action (SDG 13).

Foresight offers high-quality Sustainability and ESG reporting which covers ongoing monitoring of metrics such as greenhouse gas reduction and greenhouse gas intensity of invested capital, renewable energy generation, and diversion of waste from landfills among others.