Clean Energy opportunities galore for Glennmont Partners
Glennmont Partners seeks to invest more in the Clean Energy infrastructure through a slew of funding measures namely Fund I (2010) and Fund II (2013), which are fully invested, and now a new third Fund (2017). Claimed to be one of the Europe’s largest investors, announcement comes following Glennmont’s 245MW Italian wind portfolio in October and the refinancing of the Sleaford straw-fired biomass plant in September – amounting to around €340m of capital raised over the course of 2017.
Glennmont seeks to invest in solar PV, offshore and onshore wind, bioenergy and small-scale hydro across the EEA moving to invest 500 MW in Clean Energy portfolio.
Glennmont CEO, Joost Bergsma said “Glennmont continues to believe that the clean energy market is attractive to investors and delighted to have expanded its investment capacity allowing us to continue to find and deliver value across a diversified portfolio of power generation assets. When we formed Glennmont in 2007 we were clear that our specialist focus on clean energy infrastructure investments would allow us to set the standard for the clean energy industry. Our Investment and Asset Management teams work together to identify, secure and add value to some of the best clean energy generation assets in Europe.”
Warring Investors apprehend lessening profits as government schemes fail to promote clean energies leading to steep falls in the costs of Renewable power produced paving way for Corporate PPA to enter the market through new routes.