Migdal and Menora Mivtachim helped supply the renewable energy infrastructure developer with fresh funding which will help expand its operations in the UK and Finland.

Switzerland-headquartered renewable power producer Future Generation (Fu-Gen) received €320m ($343m) in funding from investors including insurance providers Migdal and Menora Mivtachim on Monday.

Family office Arkin Group filled out the participants in the round, with each investor providing about €100m through equity funding in the company, financing for its newly formed Fu-Gen Assets 4 Platform and co-investment rights in its projects.

Founded in 2017, Fu-Gen is working on greenfield renewable energy infrastructure including wind and solar power projectss across the…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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