New Glennmont fund targets 500-MW-plus renewables portfolio

The Sleaford Renewable Energy Plant. Source: Glennmont Partners

January 16 (Renewables Now) - After establishing a third fund, London-based fund manager Glennmont Partners is looking for opportunities to create a new 500-MW portfolio of clean energy infrastructure projects in Europe.

Glennmont says it will continue to invest in solar photovoltaic (PV), offshore and onshore wind, bioenergy and small-scale hydropower assets across the European Economic Area (EEA), targeting both to-be-built and completed plants.

The assets Glennmont seeks should have stable, predictable cash yields underpinned by regulated and contracted revenues. It stressed that the reduction of government support schemes is not so scary now that the cost of renewable power is falling.

Glennmont operates a portfolio of renewable energy generation assets with a combined capacity of more than 840 MW, it noted.

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