Glennmont Partners completes acquisition of 65 MW solar portfolio in Basilicata
Date
April 13, 2023
Type
M&A Transactions
Subtype
Transaction completed
Countries
Italy
Subsectors
Photovoltaic
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Glennmont Partners, an affiliate of Nuveen Infrastructure, has completed the acquisition of seven solar photovoltaic (PV) projects located in southern Italy and has a combined capacity of 65 MW.
The solar PV portfolio is planned to be constructed in the region of Basilicata. It will be developed in two clusters, with the first expected to begin construction in early 2024 and the other in the second half of 2024.
The projects are expected to be commissioned in the first half of 2025 and the second half of 2026 respectively. The deal is part of Glennmont's fourth clean energy investment strategy and supplements BNZ's aims to create 1.5 GW of renewable power generation in Southern Europe.
