Foresight Solar has completed its second acquisition of a standalone battery energy storage asset.
Anesco is to build and maintain 100MW of battery energy storage for JLEN and Foresight Solar Fund Limited (FSFL).
JLEN is to fund new battery storage and biogas investments with the proceeds of a new oversubscribed £56.9 million placement.
Foresight Solar Fund and JLEN have each acquired a 50% equity stake in Sandridge Battery Storage Limited, which holds the development rights to the 50MW lithium-ion Sandridge Battery Storage project.
JLEN has acquired 100% of an equity stake in Gigabox South Road Limited (GSRL), a company which holds the development rights to construct the 50MW West Gourdie project.
Foresight Group has clinched a deal to acquire John Laing Environmental Assets’ (JLEN) advisory mandate, propelling Foresight’s assets under management to £4 billion.
John Laing Environmental Assets (JLEN) has been forced into a reshuffle of its investment advisory team following the departure of a director of its infrastructure fund.