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UK-based alternative asset manager Foresight has appointed Giovanni Terranova as an investment director in its Rome office, boosting the firm's European solar team.
In his new role Mr Terranova will undertake responsibility for identifying and executing transactions for the recently launched European Solar Fund, which invests in solar energy production projects in Italy and Greece and is intended to expand to other southern European markets in the future.
Jamie Richards, who heads Foresight’s Solar Fund said: “We are seeing increasing opportunities in the solar market both in Italy and across southern Europe. Through his knowledge of the renewable energy sector and experience in originating and executing renewable transactions, Giovanni will be a valuable addition to the team as we grow our portfolio of solar infrastructure projects.”
Mr Terranova joins Foresight from Fortis Bank in Milan, where he had been an associate director in the global energy and utilities team since 2005. During his tenure Mr Terranova worked on both conventional and renewable energy projects, latterly specialising in transactions in the wind and solar power sectors, and has arranged the debt financing on deals ranging in size from €20 million ($27.2 million) to €1.3 billion.
The Foresight Group specialises in funding growth companies and small management buyouts across the environmental, infrastructure and technology-led sectors, focusing primarily on investments in unquoted UK and European companies.
Foresight manages over €250 million across a number of funds which include its UK Sustainable Investment Fund, a fund focused on investments in environmental infrastructure.
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