Foresight Environmental Infrastructure (FGEN)

This week we announced our second divestment of the year being the sale of 100% of our portfolio of operational rooftop solar assets for a premium to NAV, further refining the portfolio. The rooftop portfolio, originally acquired by FGEN in 2015, was sold to AtmosClear Investments for a total consideration of £21.2 million and comprised of over 1,000 fully operational domestic rooftop, commercial rooftop and ground-mounted solar installations distributed across England, Scotland and Wales. Ed Warner, Chair of FGEN said: "We are pleased with this sales agreement which has provided us with substantial funds from a non-core, low yielding asset. Capital allocation remains a key priority for the Board and proceeds will be used to strengthen our balance sheet through a further reduction in debt." Read the full announcement here: https://lnkd.in/g39cnSXC If you would like to learn more about our diversified portfolio, please visit the FGEN website here: https://lnkd.in/gZEJiFyC

Our Investment Managers, Edward Mountney and Charlie Wright, recently spoke to Martin Flitton at Private Punter to discuss FGEN’s recent performance, operational updates, and outlook. During the interview, Ed highlighted the fund’s resilience and its strong performance across a diversified portfolio, despite recent sector-wide challenges. "The underlying asset base continues to perform really well... every year since IPO we have managed to grow the cash coming off the portfolio," Ed noted. Read the full article here: https://lnkd.in/gfVKaP9J #SustainableInfrastructure #EnvironmentalInfrastructure #RenewableEnergy #FGEN Capital at risk. Past performance is not indicative of future performance and returns are not guaranteed.

This morning, we announced our financial results for the six-months to 30 September 2024. You can watch the highlights for the period presented by Investment Managers Chris Tanner, Edward Mountney and Charlie Wright here: https://bit.ly/4i1DMK4 Key highlights for the period include: - A new record in cash receipts from our operational assets of £46.6 million - An increase in dividend per share to 3.90p for the half-year - on course for full year target - NAV of £720.1m and a NAV per share of 109.8p following the write down of our green hydrogen investment - £68.1 million raised from asset sales in the period - Construction progress is on track, with potential for further capital growth   During this period we announced our £20 million share buyback programme, of which £5.2 million has been returned to shareholders.   Our Chair Ed Warner said: “FGEN’s half-year results reflect both progress and challenges. While the full write-down of our investment in HH2E impacted overall performance, outside of this our diversified portfolio of sustainable infrastructure assets performed well, delivering record cash distributions and solid dividend cover. During the period, we were pleased to achieve the sale of a majority stake in six anaerobic digestion facilities, to launch our first share buyback programme, and to receive shareholder endorsement of a name change to Foresight Environmental Infrastructure Limited. Additionally, early reductions in UK interest rates provide cautious optimism for a more favourable macroeconomic outlook.”   If you would like to read the full report, you can do so by following the link below:   https://bit.ly/3OhanhB #FGEN #EnvironmentalInvesting #InvestmentFunds #SustainableInvesting #RenewableInvesting #Results

At COP29 in Baku, the UK underscored its position as a global leader in clean energy. With the Prime Minister’s pledge to cut emissions by 81% before 2035 and lead a pro-growth clean energy transition, the country is setting a clear course toward a sustainable, resilient future. We’re proud of our contribution towards this goal as we harness our investors’ desire to increase their exposure to environmental infrastructure investments. If you’d like to learn more about our portfolio, and how our assets contribute to a green economy, then you can do so by following the link below. https://lnkd.in/eHgiebC8   #InvestmentTrusts #InvestmentCompanies #FGEN #Infrastructure #SustainableInvestment #NetZero #COP29 #PrimeMinister

In case you missed October’s edition of ‘Compass’, AIC’s Investment Trust Newsletter, you can catch up below. In an article exploring the potential for the renewable energy sector, featuring FGEN. Ian Cowie highlighted “Renewable energy investment trusts enable investors to make their money make a difference for the better and be paid decent dividends to be patient, as well as offering potential for capital growth.” You can read his article here: https://lnkd.in/eHdNKVce

We’re glad to see that John Baron from Investors' Chronicle shares our optimism for the future of investment trusts and their investors. The extended period of share price discounts has created a strong investment opportunity, especially when paired with the LSE’s intentions to create a more transparent regulatory regime. We are also pleased to have been noted as one of the companies that stands to benefit from this positive outlook. To read the full article, please follow the link below:  https://lnkd.in/eGMWYQKm  #InvestmentTrusts #InvestmentCompanies #FGEN #Infrastructure #SustainableInvestment #NetZero

In the latest of our series of blogs with members of our Board, Alan Bates, FGEN’s Non-Executive Director, talks through his career in the energy and infrastructure sectors, the opportunities available from the green transition and his roles and responsibilities as a member of the FGEN Board. To read the full blog, please follow the link below: https://lnkd.in/eK-wbhkH #InvestmentTrusts #InvestmentCompanies #FGEN #Infrastructure #SustainableInvestment #NetZero #DirectorBlog #Blog #NonExecutiveDirector

This week we announced the date of our interim results, which will be released on Thursday 21 November.   The results will be hosted by our Investment Managers Chris Tanner, Edward Mountney and Charlie Wright as they provide an update on performance for the first six months of FY25 and discuss the outlook for the full year.  If you would like to catch up with our previous results, you can do so by following the link below:   https://lnkd.in/eQ4bCSYq   #fgen #foresight #sustainableinfrastructure #alternativeinvestment #results #financialresults #interimresults #noticeofresults

This year’s The Association of Investment Companies (AIC) Shareholder Communication Award winners have been announced and we’re delighted to see our annual Sustainability & ESG Report achieve a #highlycommended in the ‘Best ESG Communication’ category.   Our dedicated sustainability team continually strive for excellence in communicating FGEN’s ESG performance in a report which is clear and accessible for investors to read. In particular, the dynamic design and strong sense of community was highlighted by the judging panel, alongside demonstrable progress in delivering against our KPI’s. To read our most recent Sustainability & ESG Report, visit the link below: https://lnkd.in/e7q3H4c6   #AIC #AICShareholderCommunications #AICAwards #BestESGCommunication #FGEN #InfrastructureInvestment #AlternativeAssets #InvestmentTrust

It is with excitement that we announce that our name has officially changed from JLEN Environmental Assets Group Limited ("JLEN"), to Foresight Environmental Infrastructure Limited ("FGEN"). The Company’s stock market ticker has changed to FGEN, which can be found here (https://lnkd.in/eTfAZApj) and our website has changed to https://lnkd.in/etcnzSM9. Foresight Group LLP has been the Company’s Investment Manager for five years and the Board believes there are clear commercial benefits to renaming the Company - including the scale afforded by its broader marketing initiatives and strong market reputation. We look forward to the next phase in our journey and we remain committed to delivering value to all our stakeholders. #JLEN #FGEN #SustainableInfrastructure #GreenInfrastructure #EnvironmentalInfrastructure #ForesightGroup