Foresight Group Holdings Limited (Foresight) has announced an interim close for Foresight Energy Infrastructure Partners (FEIP) fund, having secured total commitments of EUR787 million (US$934.53 million). Together with co-investments of EUR170 million (US$201.87 million), this represents a total capital pool of around EUR957 million (US$1,136.4 million) for the company's energy transition strategy.
The FEIP is a sustainability-led energy infrastructure fund with an investing focus predominantly in Europe. A total of EUR71 million (US$84.3 million) of new commitments comes from investors since the interim close announced in June 2021. The final close will be in September 2021 with the increased maximum fund size.
The Fund has made already four investments such as two construction greenfield wind assets, an operating wind farm and an energy-from-waste plant. Its investment strategy has been shaped to achieve specific decarbonization objectives in line with the Paris Climate Agreement.