Forsa Energy

Forsa Energy

Forsa Energy

Transaction synopsis

  • 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

What the transaction means for the energy sector

  • 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