Tuesday 3 February 2015

Clean energy fund in French renewables hat-trick

Clean energy fund in French renewables hat-trick

Clean energy investment fund Glennmont Partners has bought three operating wind farms in France.

The projects – located in the Nord region - have a total capacity of 25MW and were bought from Diamond Wind Europe and green Power Development Holding.

Glennmont has signed a power purchase agreement with EDF and the three wind farms are covered by the 15-year Feed-in Tariff scheme in France.

Peter Dickson, Partner and Technical Director at Glennmont said: “France is a core market for us and we continue to look for opportunities to acquire well-developed projects across the country.

Last week the renewable energy investor bought a UK biomass facility for £160 million.

Written by

Bruna Pinhoni

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