Foresight Energy Infrastructure Partners (FEIP)
Driving the transition to deeply decarbonised energy systems. A diversified and differentiated energy transition strategy, with its second vintage, FEIP II, building on the success of FEIP I.
Introduction to FEIP
In 2020 the first FEIP fund was launched - a diversified and differentiated energy transition strategy, co-managed by experienced Foresight Partners Dan Wells and Richard Thompson. 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.
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. FEIP II is classified as an SFDR Article 9 Fund and investments it makes are intended to be aligned to EU Taxonomy on sustainable activities. Investments made by FEIP II are intended in particular to assist in eliminating bottlenecks to the energy transition by focussing on sub-sectors such as Long Duration Energy Storage or Grid Infrastructure which are increasingly recognised as critical to the energy transition in more deeply decarbonised energy systems. The fund is targeting a €1.25 billion raise; it will prioritise portfolio diversification and where possible invest in complementary assets which may benefit from negative correlations between different sub-sectors.
Market Opportunity
Market and regulatory factors are supercharging the transition to net zero
$194tn
expected energy investment by 2050 to reach net zero – requiring c. 3.5x annual increase on $2trn invested in 2021.
97%
of investment in new power generation to 2050 to be spent on low carbon sources.
Net Zero
transition supercharged by US Inflation Reduction Act and EU Net Zero Industry Act.
Our Investment Strategy
Continuation of proven greenfield energy transition strategy, with three core components:
Established Portfolio
Our portfolio is made up of strong performing assets with the ability to enhance returns with established development pipeline and leading stakeholder engagement
FEIP I Portfolio
15 investments, capital fully allocated.
Skaftåsen Wind Farm
Located in Harjedalen municipality of Central Sweden, Skaftåsen wind farm is one of the first in the world to feature the most powerful onshore wind turbines - the Siemens Gamesa 5x platform utilising 35 x SG 5.8-155 turbines with flexible power rating and operating at 6.6MW.
See the project in action by watching the video below.
Skaftåsen Windfarm Video
Maresconnect
MaresConnect is a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain. The cable route is approximately 245km in length and will run underground and under the sea between Dublin in Ireland and Bodelwyddan, Denbighshire in Wales.
MaresConnect is considered one of Europe’s most important energy infrastructure projects that will form part of a system that is secure, sustainable and affordable, and that integrates Ireland’s renewable energy, thereby offering an essential contribution to the European Green Deal.
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HH2E
Foresight invested into the German developer HH2E AG along with the signing of a development funding agreement. An investment recognised as “Outstanding New Markets Deal” of 2023 by Inspiratia.
HH2E is developing a number of hydrogen projects across Germany which will provide hydrogen and steam to industrial and municipal offtakers.
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Our team
We have an experienced team of 173-investment professionals that can draw on Foresight’s global network and resources.
Our approach ensures that our team is well-equipped to navigate and capitalise on the dynamic landscape of the energy transition across Europe.
Contact Us
If you would like to find out more, or discuss relevant opportunities with a member of our team, please contact us using the form below and we will get back to you as soon as possible.