FORSA ENERGY: LEADERS IN THE ENERGY EVOLUTION
Forsa Energy is an energy company that was founded to develop, build and operate energy assets across Europe. Backed by Riverstone, it had a mandate to grow a portfolio comprising renewable generation and gas generation in the European market and established leading development platforms in this space in both the UK and France.
Forsa’s 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, it offers 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 large scale power generation.
Forsa’s current portfolio in the UK comprises a flexible gas power portfolio which includes 60MW under construction, 110MW approaching financial close and a further 60MW in late-state development. Much of this capacity is supported by Capacity Market contracts. Forsa also has a substantial pipeline of further projects in various stages of development. The development, financing, and construction management of these projects is undertaken by Forsa’s in-house gas team.
FORSA: AN ENERGY COMPANY WITH A GREAT HISTORY
Our Great History
Early in the year we raised a £30m junior debt financing line for our flexible gas projects.
Later in the year we sold our pumped storage project and separately sold our UK onshore wind development business together with one onshore wing pipeline in Scotland to BayWa r.e.