Glennmont Partners from Nuveen, one of the world’s largest fund managers investing in clean energy, is moving forward with the development of its 473-megawatt solar PV portfolio in southern Spain through its independent power producer (IPP) BNZ.
Leading the development are two solar PV projects in the Cádiz region, totaling 74 megawatts. These are ready for construction with Spanish multidisciplinary engineering company Grupotec. Project-specific EPC contracts have been signed for the Cádiz cluster between Grupotec and Glennmont’s IPP, BNZ. The remaining 11 projects that will be managed by BNZ continue their development phase with Grupotec and are also nearing the construction stage.
BNZ continues with its plan to deploy an aggregate portfolio of more than 1.5 gigawatts of solar PV across southern Europe by the end of 2024.
“We are delighted that our partners at Grupotec are ready to start building our first project in Cádiz,” said Francesco Cacciabue
