Foresight Environmental Infrastructure

JLEN Environmental Assets Group
LSE: FGEN
IndustryInvestment trust
FoundedMarch 2014
Headquarters
London
,
United Kingdom
Key people
Ed Warner (Chairman)
WebsiteOfficial site

Foresight Environmental Infrastructure, formerly JLEN Environmental Assets Group and John Laing Environmental Fund, (LSE: JLEN) is a large British investment trust dedicated to investments in Renewable Energy Infrastructure. The chairman is Ed Warner.[1] Established in March 2014,[2] the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[3]

History

The company was established in March 2014.[2] Foresight Group took over responsibility for managing the fund from John 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

The company invests in wind farms, and solar energy farms and also has a portfolio of anaerobic digestion projects,[8] as well as several green hydrogen projects,[9] and energy storage projects.[10]

References

  1. ^ "JLEN hires HarbourVest Global's Ed Warner as new chair". You Invest. 2 August 2022. Retrieved 29 September 2022.
  2. ^ a b "JLEN Environmental Assets Group". Trust.net. Retrieved 3 June 2020.
  3. ^ "FTSE UK Index Series: Annual Review June 2020". 3 June 2020. Archived from the original on 3 June 2020. Retrieved 3 June 2020.
  4. ^ "Foresight Group acquires mandate for John Laing Environmental Assets Group". Forsight Group. 5 June 2019. Retrieved 13 September 2024.
  5. ^ "JLEN Environmental Assets launches £20m buyback after partial asset sale". Investment Week. 15 August 2024. Retrieved 13 September 2024.
  6. ^ "JLEN Environmental Assets – 'Vote against discontinuation'". Quote Data. 18 July 2024. Retrieved 13 September 2024.
  7. ^ "JLEN Environmental Assets rebrands to Foresight Environmental Infrastructure". PA Future. 18 September 2024. Retrieved 11 February 2025.
  8. ^ "JLEN Environmental Assets sells off £68m in assets to pay debts and launch share buyback". City AM. 15 August 2024. Retrieved 13 September 2024.
  9. ^ "New name and lower fees for JLEN Environmental". Quoted Data. 21 June 2024. Retrieved 13 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. Retrieved 13 September 2024.
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