Forsa Energy

SYNOPSYS

• In October 2020, Alexa Capital concluded the sale of Forsa Energy Ltd (“Forsa”) to Tiger Infrastructure Partners
• Forsa was a Riverstone Holdings LLC backed platform with a 650MW portfolio of flexible gas-fired distributed power generation (340MW of which was operational, in construction or at a late stage of development)
• Alexa acted as exclusive financial and strategic advisor

ALEXA CAPITAL'S ROLE

• Alexa Capital advised on detailed preparation & positioning, engagement with investors & buyers across three continents, deal structuring, negotiation and project management through transaction completion
• Our in-depth collaborative advice and relationships have brought significant value beyond transaction support, maximising value for shareholders

MARKET IMPLICATIONS

• Underlines the need for flexible power to support the integration of renewable generation with Forsa set to be one of the principal operators of gas-fired peaking power and positioned to participate in the consolidation of this asset class
• Supports market expectations that capital will continue to flow into distributed flexible power, including batteries and the control of consumption