FORSA ENERGY: LEADERS IN THE ENERGY EVOLUTION
Forsa Energy is an energy company which develops, builds and operates energy assets across Europe. We are backed by global energy and power-focussed private equity firm Riverstone, with a strong mandate to grow a Europe-wide portfolio comprising renewable generation, gas generation and energy storage.
Our management team includes the same key people that were instrumental in the establishment and the success of Velocita Energy Developments and 2020 Renewables. Now, with the inclusion of experts in the gas sector, we offer a wealth of experience across the energy sector, including the successful establishment and build-out of utility-scale renewable platforms, the build-out of a flexible generation platform, and extensive experience with larger-scale power generation. We now plan to bring our proven approach to the rapidly-evolving energy markets.
Our current portfolio compromises fully-consented and large-scale onshore wind assets with a further mature development pipeline, a fully consented pumped storage project and a flexible gas power development pipeline.
FORSA: AN ENERGY COMPANY WITH A GREAT HISTORY
Our Great History
Forsa Energy (previously known as Velocita Energy Developments) was established in early 2011 in partnership with private equity fund Riverstone to finance the development, construction, ownership and operation of utility-scale wind energy projects in several countries in Europe.
Later that year, in France, we acquired a 780MW onshore wind development pipeline and entered into an exclusive development agreement with a leading French developer. In the UK we acquired the 24MW Maerdy windfarm.
We merged our UK business with 2020 Renewables, a Scottish developer and constructor of windfarms which specialises in the consenting, construction and operation of projects. Their experience, together with the financing, investment and mergers and acquisitions expertise of Velocita, gave us the capacity to deliver every aspect of a UK project and we added an additional 425MW of onshore wind development pipeline. At the same time we started the construction of the Maerdy windfarm in the UK.
In France we established a construction and operations team to support an ambitious build-out programme of French projects. In both the UK and France we also continued to significantly expand our development pipelines through continued investments. In the UK we completed the construction of the Maerdy windfarm and started construction of the 12MW Ardoch and Over Enoch windfarm.
In the UK we sold the Maerdy windfarm to Greencoat and we completed the construction of the Ardoch and Over Enoch windfarm. In France we started construction of the 30MW Month du Lomont windfarm in France.
In the UK we completed the construction of the Ardoch and Over Enoch windfarm. In France we completed the construction of the Mond du Lomont windfarm and started construction of the 120MW Rougemont and Vaite windfarm, the country’s largest onshore windfarm.
In the UK, early that year, we started construction on the 40MW Airies windfarm. Later that year we sold the Airies and Ardoch and Over Enoch windfarms to NTR. In France we sold parts of the onshore wind business in France We sold the the development and construction team, the Monts du Lomont windfarm and the total onshore wind development pipeline to Envision Energy. At the same time, the rights to the Velocita name were sold to Envision who will continue to operate the French business through the Velocita Energy Developments brand but will no longer have any link with Forsa Energy.
In the UK we completed the construction of the Airies windfarm on behalf of NTR. In France we completed the sale of our French business through the sale of the Rougemont and Vaite windfarm to Innergex and Desjardins.
The company has now re-launched as Forsa Energy with a business organised in three sectors: renewable generation, gas generation and energy storage. Our goal is to be a major European energy platform which will identify, acquire, develop, construct and own a significant portfolio of energy projects across Europe.
The sale of our French and UK assets leaves Forsa Energy well equipped with substantial equity ready to invest. Forsa Energy will continue to be backed by Riverstone through which it will have further access to significant investment and operational experience.