Europe's second-largest solar owner invests over USD 1 billion in wind

With a padded wallet, the British company Foresight is poised to snatch up wind projects. The company already has a large solar portfolio but now believes that wind can make a positive contribution as well.

Photo: LM Wind Power

British investment manager Foresight Group, which is Europe's second-largest owner of solar projects, is now ready to embrace wind power, writes Recharge.

Foresight Group's portfolio currently contains 900 MW of solar power and 130 of energy-from-waste projects in the UK, the US, Italy, Spain, and Australia. But now the company is investigating opportunities in offshore and onshore wind and weighing whether to start selling solar and wind power directly to corporate customers, says Dan Wells, partner at Foresight.

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