🌅 Real assets managers are facing a new frontier, with the emergence of infrastructure and renewable energy.
✴️ Discover the potential third-party AIFM’s offer and how to choose the right partner, in this blog by Agnes Mazurek, Timo Hirte, and Robert Burchett-Coates:
https://okt.to/DGjEpF
The role of third-party AIFMs has become indispensable – with their experience asset managers can overcome operational hurdles, mitigate risks, and leverage the growth potential of these dynamic markets.
#AIFMs#FinancialServices#FundSolutions#AssetManagers#ManCo#AlternativeInvestment
Foresight Solar Fund (FSFL) (LSE:FSFL) Fund Manager Ross Driver speaks to Thomas Warner from Proactive London after announcing the sale of a 50% stake in the fund's Lorca portfolio in #Spain, in a deal worth €26.9 million.
Driver explains that the sale is part of a broader capital recycling program and is part of FSFL's response to changing market dynamics, showcasing its ability to self-fund and recycle capital during essentially closed equity markets.
The divestment in Spain, offering a high-quality portfolio, comes with plans to reinvest in new projects from FSFL's half-a-gigawatt pipeline.
Driver emphasises the fund's proactive approach, balancing debt reduction, shareholder value with a doubled share buyback program, and strategic expansion into #solar and battery projects in Spain and other European markets.
#ForesightSolarFund is an international #investor in large-scale solar projects and #batterystorage, currently managing over 61 projects spanning the UK, Spain, and Australia.
Watch at #Proactive#ProactiveInvestors#LSE#FSFLhttps://ow.ly/zj2z50Q9ki8
Macquarie Asset Management has agreed to sell its 40% stake in Hydro Dolomiti Energia (HDE) to a consortium which includes Equitix Euro Funds, Tages Capital SGR S.p.A., La Finanziaria Trentina S.p.A., and local industrial co-investors and institutions. The deal values the business at about €1 billion.
HDE operates 29 hydropower plants in Trento, Italy, with a total capacity of 1.3GW. These plants produce enough electricity to power around one million homes each year.
MACQUARIE EUROPEAN INFRASTRUCTURE FUND 4 LP invested in HDE in 2016. Together with Dolomiti Energia Group, they have improved the asset’s condition, developed local jobs, and set long-term strategic goals.
Macquarie remains a key investor in Italian infrastructure. Its funds support projects like Italy’s national motorway system via Autostrade per l’Italia and investment in digital infrastructure through Open Fiber.
Read more: https://lnkd.in/eQpAjMey#hydropower#assets
Following last week's net asset value (NAV) and divestment announcements, Ross Driver, Fund Manager for Foresight Solar, caught up with Proactive to discuss the sale of a 50% stake in our Lorca portfolio in Spain and the Q3 NAV.
The deal with EB – Sustainable Investment Management (EB-SIM) delivered the first step in the fund’s phased divestment programme. It also marked a milestone for Foresight Solar as the first sale of an asset in our 10-year history. The 21% premium to the portfolio’s Q3 holding value represented an exit IRR of 12.1% on funds invested to date in the stake sold and generated almost €27 million that will be used to pay down debt.
In conversation with Thomas Warner, Ross also delved into Foresight Solar’s operational performance, which has led to record cash generation this year - allowing FSFL to double its share buyback programme to £40 million.
Watch the full interview below.
#InvestmentTrusts#SolarEnergy#Renewables
Foresight Solar Fund (FSFL) (LSE:FSFL) Fund Manager Ross Driver speaks to Thomas Warner from Proactive London after announcing the sale of a 50% stake in the fund's Lorca portfolio in #Spain, in a deal worth €26.9 million.
Driver explains that the sale is part of a broader capital recycling program and is part of FSFL's response to changing market dynamics, showcasing its ability to self-fund and recycle capital during essentially closed equity markets.
The divestment in Spain, offering a high-quality portfolio, comes with plans to reinvest in new projects from FSFL's half-a-gigawatt pipeline.
Driver emphasises the fund's proactive approach, balancing debt reduction, shareholder value with a doubled share buyback program, and strategic expansion into #solar and battery projects in Spain and other European markets.
#ForesightSolarFund is an international #investor in large-scale solar projects and #batterystorage, currently managing over 61 projects spanning the UK, Spain, and Australia.
Watch at #Proactive#ProactiveInvestors#LSE#FSFLhttps://ow.ly/zj2z50Q9ki8
UGE's project development model is unique in that it does not require cash to fund equity ownership of its projects
Read the report below to better understand the cash flows that a UGE project can generate
And stay tuned for our next report as we take a deeper dive into the pipeline, the potential value of this asset & where UGE is trading compared to its pipeline
[TSX-V: UGE] [OTCQB: UGEIF]
#CommunitySolar#MicroCaps
Congratulations! #MergerLinks #Energy