Glennmont fund III sets to acquire the Goudelancourt wind project in Northern France
Glennmont Partners, through its energy fund, Glennmont Clean Energy Fund Europe III, is set to acquire the 16.8 MW Goudelancourt wind project located in Northern France from ENERTRAG. The facility consists of seven Nordex N117 wind turbines and has 15-year power purchase agreement deal with EDF.
ENERTRAG, as major service provider for technical management and maintenance across Europe with 1,400 turbines in its client portfolio, will continue to look after the technical and commercial operations of the wind farm.
The deal marks the first acquisition of Glennmont’s Clean Energy Fund III, its third clean energy dedicated vehicle.
DLA Piper acted as the legal advisor for the transaction, while Everoze acted as the technical advisor for Glennmont. Herbert Smith Freehills acted as the legal advisor for ENERTRAG.
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