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Greensolver to actively manage 25MW wind farm portfolio in France for Glennmount

Clean energy investment fund Glennmont Partners, as selected Greensolver to actively manage a 25MW wind portfolio in France.

As European onshore wind power matures, it has become an increasingly attractive asset class to secondary investors who are looking for consistent returns with proven technologies and projects.  To manage these effectively, however, and ensure compliance, auditing and continuous portfolio improvement under ISO55001 standards, many funds are turning towards the services of specialist asset managers.

The Glennmont Partners deal will see Greensolver provide its Technical and Commercial Management services for the projects on a regular basis over a period of five years.  Under the terms of the agreement, the projects, all powered by Vestas V90 machines, will be assigned a dedicated project manager who will look to ensure the best performance of the assets, effect repairs and maintenance, and report to the project owners.

Over the lifetime of the agreement, Greensolver will carry out day-to-day technical and commercial management as part of an ongoing strategy of instigating an ongoing portfolio performance plan.

Under the terms of the deal, Glennmont Partners will also realise the benefits of Greensolver’s unique benchmarking tool, Greensolver Index, which enables investors to compare the performance of their projects not just individually within their portfolio, but also against a multitude of other operational projects in Europe.

“As the European onshore wind markets continue to mature, there is a growing number of investment funds that require the services of asset managers to get the best from their portfolios,” says Guy Auger, Chief Executive Officer, Greensolver. “We see the latest ISO55001 regulations as a significant driver in this market, not only ensuring that clean energy investors get the best from their portfolios, but also demonstrating that renewables can be a reliable asset class.”

Jordi Francesch, head of Asset Management for Glennmont Partners, says: “Investing in renewable energy requires certainty, proven performance and the move towards a long-term portfolio performance plan.  We are happy to be working with Greensolver with the aim of achieving that certainty; using their expertise and services to ensure that our investments provide absolute returns that meet the needs of our investors.”

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