Release date: 22 March 2017
Promoter – Financial IntermediaryFORESIGHT GROUP LLP
Investment fund focusing on equity investments in infrastructure projects mainly in the UK and other European countries
The fund's strategy is to capture the long-term market opportunities driven by the transformation occurring in European and also global energy markets. The fund is targeting investments in (i) renewable energy projects and (ii) enabling infrastructure for renewable energy, such as flexible generation and storage as well as interconnection and transmission.
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
GBP 67 million (EUR 78 million)
Total cost (Approximate amount)
GBP 500 million (EUR 576 million)
Most of the fund's underlying infrastructure investments will either require a full environmental impact assessment (EIA) or a screening decision by the national competent authority to determine whether an EIA is required or not. The legal documentation to be entered into by the Bank will require the fund to ensure that its underlying investments respect the relevant EU directives and the environmental and social standards of the Bank.
The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant directives. Most, if not all, of the projects financed by the fund are expected not to be subject to public procurement procedures as outlined in Directive 2004/17/EC or 2014/25/EU where applicable.
Signed - 17/01/2019
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).