Foresight Energy Infrastructure Partners II (FEIP II) 

Foresight Energy Infrastructure Partners II (FEIP II) is a mid-market private infrastructure fund focused on the energy transition, investing in assets that support the shift to low-carbon and decarbonised energy systems.

The strategy targets opportunities across renewable energy, energy storage and enabling infrastructure, with a focus on assets that help address key challenges such as grid constraints and system flexibility.

FEIP II primarily invests in development and construction-stage projects across Europe and other selected developed markets, with active management used to create long-term value as assets are built and scaled.

FEIP II invests in a diversified range of energy transition infrastructure assets, including renewable energy generation, energy storage and grid infrastructure.

This includes technologies such as onshore wind and solar, battery storage systems and electricity networks, with a focus on assets that enable the integration, flexibility and reliability of low-carbon energy systems.

By targeting these parts of the energy system, FEIP II focuses on infrastructure that helps address key bottlenecks - such as intermittency and grid constraints - and plays a critical role in accelerating the transition to net zero.

FEIP II differs from traditional renewable energy funds by investing across a broader range of energy transition infrastructure, rather than focusing only on electricity generation such as wind and solar.

In addition to renewable generation, the strategy targets assets that address critical system challenges, including energy storage and grid infrastructure, which are essential for managing intermittency, grid capacity and system flexibility.

FEIP II also invests across multiple stages of the asset lifecycle, particularly in development and construction projects, where active management can help unlock value. This wider scope allows the fund to target opportunities created by bottlenecks in the energy system, rather than relying solely on generation assets.

FEIP II primarily targets greenfield energy infrastructure, investing in assets at the development and construction stages before they become operational.

This includes early-stage projects such as renewable energy, battery storage and grid infrastructure, where capital and expertise are needed to bring assets from concept through to delivery.

By focusing on these earlier stages of the asset lifecycle, FEIP II can use active management to unlock value, capture development premiums and shape projects to meet the needs of low-carbon, flexible energy systems.

FEIP II generates returns through a combination of development value creation, long-term contracted revenues and active asset management.

At earlier stages, value is created by originating, developing and constructing energy infrastructure assets, capturing development premiums as projects move from concept to operation. Once operational, assets can generate stable, long-term cash flows, typically supported by power purchase agreements (PPAs), capacity contracts or other revenue frameworks.

FEIP II also includes a minority allocation to operational assets. The strategy is designed to deliver an element of yield to investors, with these investments typically made early in the fund’s life to help generate initial cash flow.

Additional value is driven through asset optimisation, including improving performance, managing costs and adapting assets to evolving energy system needs, particularly in areas such as storage and grid flexibility.

FEIP II supports the energy transition by investing in infrastructure that enables the shift to low-carbon energy systems, rather than focusing solely on energy generation.

The strategy targets renewable energy, energy storage and grid infrastructure, which are all critical to decarbonisation. These assets help address key challenges such as intermittency, grid capacity constraints and system flexibility, enabling more reliable integration of renewable power.

By focusing on these essential parts of the energy system, FEIP II contributes to improving resilience, increasing renewable penetration and supporting the long-term transition to net zero.