Foresight Energy Infrastructure Partners (FEIP), the energy-transition fund of Foresight Group, has made a further significant equity investment into 85 Degrees Renewables, an Anglo-Dutch company operating in the renewable-energy sector to build out 61.8 megawatts of geothermal heat capacity in the Netherlands.
FEIP is a €850 million ($909 million) sustainability-led energy-transition infrastructure fund that invests in clean-energy assets, including renewables, storage and grid infrastructure, and aims to build a diversified portfolio of high-quality energy infrastructure assets, supercharging the energy transition. The vehicle focuses on investing in both renewable-energy generation and in key “bottleneck” assets, including long-duration energy storage and grid infrastructure.
The investment into 85 Degrees Renewables represents one of the largest recent geothermal i