Glennmont Partners, one of Europe’s largest clean energy investment specialists, has completed its acquisition of a 10 MW operating wind farm located in Central Italy. The acquisition takes Glennmont’s overall onshore wind portfolio to 550 MW and complements Glennmont’s strategy of building portfolios of renewable projects diversified by both geography and technology in order to provide predictable returns to investors. The wind farm is powered by five Gamesa G90 turbines and benefits from a 15 year feed in tariff, until 2027.
Francesco Cacciabue, Partner and Chief Financial Officer of Glennmont Partners, said: “This acquisition reinforces Glennmont’s track record of acquiring quality assets in Italy, a core market for us. We look forward to exploring further opportunities in the country.”
Claudio Vescovo, Investment Director of Glennmont Partners, said: “We are excited to close this transaction, which brings our Italian onshore wind portfolio to over 345 MW.”
