JOURNAL ARTICLE

Foresight to Acquire NZ Clean Energy and Invest $360 Million.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wright, Keira 3 of 3

Abstract

The article focuses on the acquisition of New Zealand renewables developer NZ Clean Energy (NZCE) by Foresight Australia Funds Management Ltd., the Australian arm of London-based investment manager Foresight Group Holdings Ltd. Foresight plans to invest A$500 million ($360 million) over the next year to support NZCE’s three late-stage hybrid solar and battery projects. NZCE has a development pipeline exceeding 2 gigawatts, aligning with New Zealand’s goal of 100% renewable electricity by 2030 and net zero emissions by 2050. This acquisition fits Foresight’s strategy to expand its diversified renewable energy portfolio, as the firm manages A$28 billion in capital and 5 gigawatts of green energy infrastructure capacity. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2026
  • Accession Number:192230864
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