London-listed Foresight Group has topped a list of most active private equity investors in Europe’s energy sector as the drive for renewable solutions comes to the fore.
Foresight has a focus on renewable energy such as solar and wind as well as next-generation fuels like clean hydrogen. Last year, the firm invested in a hydro energy storage plant in Glenmuckloch, Scotland—one of only four such units in the UK.
While sustainability and ESG might be popular with investors and firms trying to show their green credentials, HitecVision and Eni‘s IPO of oil and gas company Var Energi was one of the largest deals of that type last year.
In 2021, there was a spike in European energy deal volume and value, with the latter around two-thirds greater than 2019’s total at €50.3 billion (about $54.7 billion). Last year saw an even greater total deal value at €51 billion, although this came from 234 completed deals compared to 2021’s 270 transactions.
Below are the top 10 PE investors in the sector since 2018.
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