Glennmont Partners from Nuveen (Glennmont) has expanded its pipeline of solar photovoltaic (PV) projects in Central and Southern Spain with 161MW of additional capacity as part of an agreement with Grupotec, the Spanish developer and EPC contractor.
The agreement is a continuation of Glennmont’s 473MW solar acquisition from Grupotec in September 2021 that will see their total solar PV capacity in Spain reach 634MW. Only the 473MW portfolio will be integrated into BNZ, Glennmont’s independent power producer (IPP) launched last year to develop solar across Southern Europe. The projects are expected to reach ready-to-build stage in 2022 and 2023.
Grupotec will partner with Glennmont on the construction and operations of the additional 161MW pipeline, utilising their expertise in building over 1.2GW of solar power in the last 14 years. The projects will be built using Tier-1 solar technology partners.
