SER

Large operating asset transaction

Wind power technology

245 MW operational capacity

Transaction description

  • The SER transaction comprises a portfolio of wind farms in the Puglia and Sicily regions of Italy.
  • Commercial operation of the wind farms ranged from 2009 to 2012.
  • Glennmont acquired the portfolio in 2016.
  • The wind farms are located in strong wind resource regions of Italy.
  • Management of the portfolio is carried out by a dedicated team in Italy who were part of the transaction.
  • Maintenance is carried out by the OEM, now Siemens Gamesa Renewable Energy SA.

Italy

Locations in Italy

Highlights

  • Acquisition of one of Italy’s largest operating portfolios of proven wind assets.
  • Management of a dedicated team in Sicily and Rome for the asset management of the wind farms.
  • Glennmont successfully completed the refinancing of the SER portfolio for €190m in 2017. This transaction was Italy’s first bond ever in the wind sector.

Quality components

The plant benefits from:

  • Proven Gamesa wind turbine generators
  • 231 wind turbines in G52, G80 and G87 turbine models
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245 MW wind farm portfolio in Puglia and Sicily, Italy

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