Co-Managers of Foresight Energy Infrastructure Partners II (FEIP II) Dan Wells and Richard Thompson recently visited Australia, meeting investors and the Foresight teams to share updates on the progression of Foresight’s flagship energy transition fund.

 

 

Dan Wells, FEIP II Co-Manager and Partner said: 

“It was great to visit Australia and connect with investors. We shared insights on Foresight's European energy transition strategy, highlighting recent EU policy developments, like Projects of Common Interest (PCIs), and enabling assets such as MaresConnect. We discussed the 12-15% return target, risk management, and portfolio strategies, while also exploring collaboration with the Australian team and addressing challenges like meeting SFDR Article 9 standards. We’re excited about the opportunities ahead.”

 

FEIP II builds upon the success of FEIP I and intends to continue to drive the pace of Foresight's investments in the energy transition, with at least 80% of investments planned to be made in the continent alongside an allocation of up to 20% into North America and Australia. The fund is targeting a €1.25 billion raise, prioritising portfolio diversification.

 

Richard Thompson, FEIP II Co-Manager and Partner, said:

“FEIP II offers a unique opportunity to participate in Europe’s rapidly advancing energy transition. With recent policy developments and a growing need for renewable-enabling infrastructure, our strategy focuses on long-duration energy storage, grid infrastructure, and other critical assets that eliminate bottlenecks. Investments into FEIP II diversify portfolios, offer exposure to high-growth energy transition sectors, and achieve meaningful sustainability impact in one of the world’s leading renewable energy markets.”

Watch the film to learn more about Skaftåsen wind farm, an asset which sits part of FEIP I's portfolio: 

 

 

 

Learn more about FEIP II’s strategy and take a look at our case studies: Foresight Energy Infrastructure Partners | Foresight Group

 

Overview of FEIP:

In 2020 the first FEIP fund was launched - a diversified and differentiated energy transition strategy. FEIP I exceeded its fundraising target by 70%, raising €851.4m into the fund itself and representing a total capital pool in excess of €1 billion with mobilisation of co-investment to-date. The fund has since gone on to fully allocate its capital to 15 investments in 9 countries across Europe. FEIP I's portfolio includes both conventional renewable energy assets such as the Skaftåsen wind farm in Sweden which utilises the largest onshore turbines in the world, and also large-scale renewable-enabling infrastructure projects such as MaresConnect, a development-stage 750 MW interconnector cable which will connect the electricity transmission networks in Ireland and the United Kingdom, enabling the bi-directional flow of power, responding to the varying supply and demand dynamics between the two nations.

 

Take a look at our latest thought leadership: Deep Decarbonisation of Energy Systems: Foresight's diversified approach to portfolio construction