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LONDON - Foresight Environmental Infrastructure (FGEN) announced Tuesday a strategic shift toward core renewable energy generation assets as part of its medium-term plan, according to a company press release.
The investment company intends to divest its growth assets once operations have reached full capacity and valuations have been maximized. This approach will provide FGEN with greater flexibility in capital allocation, allowing it to reinvest proceeds into assets with stable, long-term revenue streams that include inflation-linked components.
FGEN’s management emphasized that while the company is adjusting its strategy, it is not completely abandoning growth-style assets. Instead, it will target investments in mature technologies with established markets.
The company has maintained a consistent record of dividend growth since its inception in 2014, with distributions covered by income. This strategic realignment aims to build upon this performance.
The investment firm’s portfolio is generating record cash flows from its core assets, which, combined with potential capital growth from its planned disposals, forms the basis of its current investment proposition.
The announcement comes as part of FGEN’s annual strategic overview, which outlines the company’s direction and investment focus for the coming period.
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