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Foresight Environmental Infrastructure

From Wikipedia, the free encyclopedia

JLEN Environmental Assets Group
LSEFGEN
IndustryInvestment trust
FoundedMarch 2014
Headquarters,
Key people
Ed Warner (Chairman)
WebsiteOfficial site

Foresight Environmental Infrastructure, formerly JLEN Environmental Assets Group and John Laing Environmental Fund, (LSEJLEN) is a largeBritishinvestment trust dedicated to investments in Renewable Energy Infrastructure. Thechairman is Ed Warner.[1] Established in March 2014,[2] the company is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.[3]

History

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The company was established in March 2014.[2]Foresight Group took over responsibility for managing the fund fromJohn Laing Capital Management in June 2019.[4] In August 2024, the company launched a £20m share buyback programme.[5] Because the shares were trading at a significant discount to asset value, the company proposed holding a vote on discontinuation at its annual general meeting in September 2024.[6]

The company changed its name to Foresight Environmental Infrastructure in September 2024.[7]

Operations

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The company invests in wind farms, and solar energy farms and also has a portfolio ofanaerobic digestion projects,[8] as well as severalgreen hydrogen projects,[9] andenergy storage projects.[10]

References

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  1. ^"JLEN hires HarbourVest Global's Ed Warner as new chair". You Invest. 2 August 2022. Retrieved29 September 2022.
  2. ^ab"JLEN Environmental Assets Group". Trust.net. Retrieved3 June 2020.
  3. ^"FTSE UK Index Series: Annual Review June 2020". 3 June 2020. Archived fromthe original on 3 June 2020. Retrieved3 June 2020.
  4. ^"Foresight Group acquires mandate for John Laing Environmental Assets Group".Forsight Group. 5 June 2019. Retrieved13 September 2024.
  5. ^"JLEN Environmental Assets launches £20m buyback after partial asset sale". Investment Week. 15 August 2024. Retrieved13 September 2024.
  6. ^"JLEN Environmental Assets – 'Vote against discontinuation'".Quote Data. 18 July 2024. Retrieved13 September 2024.
  7. ^"JLEN Environmental Assets rebrands to Foresight Environmental Infrastructure".PA Future. 18 September 2024. Retrieved11 February 2025.
  8. ^"JLEN Environmental Assets sells off £68m in assets to pay debts and launch share buyback".City AM. 15 August 2024. Retrieved13 September 2024.
  9. ^"New name and lower fees for JLEN Environmental".Quoted Data. 21 June 2024. Retrieved13 September 2024.
  10. ^"Osborne Clarke advises Foresight Solar Fund and JLEN Environmental Assets Group on acquisition of 50MW Clayfords energy storage project".Osborne Clarke. 4 August 2022. Retrieved13 September 2024.

External links

[edit]
FTSE 100FTSE 250 companies of the United Kingdom →FTSE SmallCap
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