Glennmont Partners, forming part of Nuveen Infrastructure, invests in a Swedish 47 MW onshore wind portfolio

Glennmont Partners, Nuveen Infrastructure’s clean energy specialist and one of the world’s largest fund managers investing in clean energy, has made its first investment in Sweden by acquiring a 47.4 MW onshore wind portfolio.

The portfolio includes Långmarken wind farm located in Kristinehamn, Southern Sweden, with a capacity of 19.8 MW, and Våsberget wind farm located in Ljusdal, Northern Sweden, with a capacity of 27.6 MW. Both wind farms have been operational since 2017 and offer a versatile multi-option PPA offtake framework with Statkraft until 2032, allowing for short and medium-term strategic adaptability.

The acquisition marks the first investment from the open-ended EUR 700m brownfield European renewable infrastructure fund, which was launched with Dutch investor MN last year to invest in brownfield renewables projects in Europe.

Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. They raise long-term capital to invest in alternative power generation projects, such as wind farms, biomass power stations, solar parks and small-scale hydro power plants.

The wind farms were acquired from Eolus and the French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, via its funds Mirova Eurofideme 3 and Mirova Renewable Co-Investment 1.

Glennmont Partners was advised by Mannheimer Swartling in the transaction.