Foresight Group Holdings, the listed infrastructure and private-equity investment manager, recently announced a joint-venture investment into geothermal energy in the Netherlands. Foresight Energy Infrastructure Partners (FEIP), Foresight’s energy-transition fund, has invested in a joint venture with 85 Degrees Renewable (85 Degrees).
The joint venture entails both the acquisition of operational wells and construction of new wells. There is also a significant pipeline of development projects representing a potential build-out capacity of approximately 200 megawatts.
Geothermal heat energy is supported by the Dutch government as a strategic priority, because it will contribute to the country’s national emission-reduction objectives by decarbonizing domestic, industrial and agricultural heat. Studies have demonstrated that geothermal heat can achieve carbon savings of more than 90 percent by displacing the need for fossil fuels.
The investment will also make s
