Why invest?

The Company is diversified across complementary sectors, technologies and geographies to deliver robust and attractive risk-adjusted returns. It invests across three key pillars of environmental infrastructure: renewable energy generation, other energy infrastructure and sustainable resource management.

The Company’s mandate allows it to invest in emerging areas of environmental infrastructure, provided they are sufficiently mature and display strong infrastructure characteristics.

We've set a dividend target at 8.04 pence per share for the current year to 31 March 2027. This represents the 12th consecutive increase since IPO and is expected to be well covered by distributions received from the Company’s investments.

We maintain one of the highest WADRs among peers, the lowest gearing and a strong pipeline of risk-adjusted opportunities across sectors.

Our income-led strategy is complemented by selective growth investments at both construction and operational stage, supported by targeted exits and capital recycling.

Investing in decarbonisation presents a rare convergence of financial opportunity and global impact. With c.€600 billion in capital required for Europe’s energy transition by 2030, the sector offers strong long-term return potential, supported by regulatory momentum, technological maturity and growing demand for sustainable solutions.

Our strategy principally targets high quality, mature assets that not only deliver predictable income alongside opportunities for growth, but also contribute meaningfully to climate goals.

FGEN benefits from an active portfolio management approach that focuses on enhancing value, optimising risk-adjusted returns and ensuring capital is allocated efficiently across the portfolio.

Through ongoing asset management, selective follow-on investment, disciplined capital recycling and operational performance improvements, the Investment Manager seeks to unlock additional value from existing assets while maintaining a resilient income base.

A significant proportion of FGEN’s revenues are supported by long-term contracts, government-backed subsidy regimes and availability-based arrangements, providing strong visibility over future cash flows and reducing reliance on short-term power price movements.

This highly contracted income profile, combined with low merchant exposure, helps underpin the Company’s resilient earnings and supports its ability to deliver a stable and progressive dividend through different market conditions.

In addition, 51% of portfolio revenues are inflation-linked, providing a degree of protection against rising costs and helping to maintain the real value of shareholder returns over time.

Foresight Group LLP (“Foresight”) is the Investment Manager for the Company. Founded in 1984, Foresight is a FTSE 250 listed investment manager managing a range of strategies and funds, including products tailored for retail investors.

Foresight's Real Assets division is a leading investment management platform with an established track record in developing investment strategies that support the energy transition.

The Real Assets team includes over 185 investment, commercial and technical professionals operating from offices in the UK, Italy, Spain, Greece, Ireland and Australia, managing 453 infrastructure assets representing 5.0GW of green technology capacity.