Clean Energy Fund Manager Glenmont Sells 100 MW French Wind Portfolio

The portfolio consists of eight operational onshore wind farms in northern France. Financial details of the deal, which is subject to regulatory approval, were not disclosed.

London : Clean energy fund manager Glenmont Partners said on Tuesday it had agreed to sell a 100-megawatt portfolio of onshore wind farms in France to TTR Green Fund IV and its co-investors.

The portfolio consists of eight operational onshore wind farms in northern France. Financial details of the deal, which is subject to regulatory approval, were not disclosed.

Glennmont, which has around 2 billion euros ($2.36 billion)of assets under management, was acquired by global asset manager Nuveen in March. It raises long-term capital to invest in low-carbon projects such as wind farms, solar parks and biomass power stations.

“France remains an attractive geography for Glennmont where our expert team have a strong understanding of the local clean energy market. We look forward to securing further value from renewable energy investments in the future,” said Glennmont co-founder and Chief Executive

Source : reuters