Foresight invests in recyling and renewables in London

Foresight, a sustainable asset manager, has secured £70m for waste investment to support the London Green Fund, which aims to invest in recycling and renewable energy projects in the capital.

Launched by Boris Johnson, the Mayor of London, the Foresight Environmental Fund opened for proposals in March and is seeking to raise up to £200m in total.

It has already secured a £35m commitment from the London Green Fund and a further £35m has been lined up from local authority pension funds and a range of other investors.

Foresight’s fund, part of the London Green Fund, was launched at a Low Carbon Capital event on Monday 21 March and will be financing small-scale waste-to-energy and recycling plants that promote sustainable and carbon-neutral economic growth.