Major Fundraises Focus on Clean Energy Infrastructure

Clean energy infrastructure looks to be attracting increasing interest from some committed—and deep-pocketed—investors. Glennmont Partners, the London-based private equity firm created in the spin-off of BNP Paribas Clean Energy Partners from BNP Paribas Investment Partners in January, has just begun capital raising for its first fund, reports Dow Jones.

Glennmont’s team, which started working together at BNP Paribas in 2007, hopes to raise €500 million ($665 million) to invest in clean-energy projects like wind farms, biomass power stations, solar parks, and small hydro power plants, according to the Dow Jones article. The new firm is already one of Europe’s biggest infrastructure funds dedicated to the clean energy space.

Glennmont’s news comes on the heels of another major cleantech fundraising effort—this one via the public markets: The Renewables Infrastructure Group, a Guernsey-based investment company focused on onshore wind and solar photovoltaic energy infrastructure, raised £300 million ($460 million) last week in the U.K.’s biggest-ever clean-energy company IPO, according to Bloomberg. The funds raised in the public offering will be used to buy 14 onshore wind farms and four solar photovoltaic plants in the U.K., France, and Ireland.

To read the Dow Jones PE News article cited in this story, click here

To read the Bloomberg article cited in this story, click here

 

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