Glennmont has acquired three wind farm assets in France, bringing its total wind asset base to over 100 mega watts (MW). The portfolio consists of one asset under construction, “Mazeray” and two assets already in operation: “Coudrays” and “Bois Ballay”. All three assets were developed by a leading wind turbine manufacturer, Nordex. Nordex also provides turbines to many markets globally including Germany, France, Italy, the UK, Scandinavia, China and the US.
The transaction was the first of its kind between BNP Paribas Clean Energy Partners and Nordex. Nordex will maintain an operational management role, ensuring the portfolio’s ongoing success.
As part of its geographically diversified investment portfolio, the fund continues to selectively acquire additional wind farm assets across Europe.
The portfolio acquisition was project financed with support from HSH Nordbank.
To date, the Fund has completed 10 acquisitions across wind power, solar photovoltaics and biomass, with assets in Italy, France, the UK and Ireland.