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RBS International (“RBSI”), supported by NatWest’s Sustainable Finance Advisory team, have recently structured a bilateral €80m green NAV facility and €140m green subscription facility for Foresight Energy Infrastructure Partners I and II (“FEIP I” and “FEIP II”), respectively. Both facilities will be used to finance greenfield investments in renewable energy generation, storage, and grid infrastructure assets across Europe, North America, and Australia.

Investing in sustainable infrastructure

Foresight closed FEIP I in 2021 securing €851.4m of commitments, exceeding its original target of €500m. The fund is now substantially deployed to a diverse portfolio of energy infrastructure investments across greenfield and brownfield strategies which actively contributes to the transition to low-carbon energy systems across predominately Europe and the UK. In 2024, Foresight Group launched FEIP II as a follow-on vintage to its inaugural energy infrastructure fund, with the Article 9 Sustainable Finance Disclosure Regulation (SFDR) fund targeting a fund size of €1.25 billion.

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia. With assets under management of €13.2 billion[1], Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Foresight employs a systematic approach to identifying and managing ESG factors of its infrastructure assets across the entire lifecycle of its investments, from deal sourcing, due diligence, execution, portfolio management, to investment exits. Foresight’s sustainable investment approach enables the quantification of the portfolio’s sustainable impact at an asset level.

Catalysing further growth in renewable energy capacity

In May 2025, RBSI structured a €140 million bilateral green subscription facility for FEIP II. Building on this success, RBSI subsequently delivered an €80 million green NAV facility for the fund’s predecessor, FEIP I, earlier in September. The financing will help deliver material sustainable impact by targeting predominantly EU Taxonomy-aligned investments that support the energy transition.

Both facilities leveraged Foresight’s Green Financing Framework, developed in collaboration with NatWest’s Sustainable Finance Advisory team and assessed as aligned with the LMA’s Green Loan Principles by Second Party Opinion provider, DNV. The framework was designed to be scalable across Foresight’s Energy Infrastructure strategy, enabling future green issuances to be made at pace.

RBSI committed to financing the continued growth of global renewable energy capacity

Ben Williams, Managing Director, Foresight Group, commented: "We are delighted to have secured these green financing facilities from RBS International, which will play a key role in supporting FEIP I and II as we continue to invest in high-quality renewable energy and infrastructure assets globally. This financing underscores our commitment to driving the energy transition and delivering value for our investors."

Angela Marchant, Senior Director, RBS International, commented: “We are delighted to grow the Foresight relationship by supporting the Foresight Energy Infrastructure Partners fund series across both fund I and II through the provision of NAV and subscription-based facilities, both of which are aligned with the LMA’s Green Loan Principles. This facility demonstrates our continued focus and support of the transition towards a greener economy.”

Javier Patria, Sustainable Finance Advisory, Funds & Sponsors, NatWest, added: “We’re proud to have supported Foresight on their journey to accelerate the energy transition by structuring the inaugural green NAV and subscription facilities for FEIP I and II. The development of Foresight’s Green Financing Framework validated by DNV, created a foundation for future green loans to be executed quickly while maintaining strong sustainability standards. This collaboration reflects NatWest’s commitment to delivering tailored solutions that help clients embed sustainability within their financing and investment strategies.”

For more information email Angela Marchant, Senior Director, RBS International.

[1] Figure as of 30 March 2025