Glennmont Partners from Nuveen (Glennmont), a clean energy infrastructure investment specialist, has divested its Margam Green Energy Plant (Margam) to Greencoat Capital (Greencoat).
Margam is an operational 41.8MWe bioenergy plant located in South Wales near Port Talbot, which is fuelled by waste wood and generates renewable power. It benefits from accreditation for 1.4 ROCs per MWh and has 15 years of ROC life remaining.
The plant was originally acquired by Glennmont in 2015 during the construction phase and has been operational since 2019. Margam has been an important element of the local community, which is evidenced by the Margam twenty-year development fund for the benefit of the Neath Port Talbot County Borough Council.
The sale of Margam is a continuation of Glennmont’s successful divestments from its second Clean Energy platform, which raised €500m at inception. It follows the platform’s divestments of two wind portfolios in Italy and France last year.
