Glennmont Partners and PGGM Infrastructure Fund are planning to sell one of the largest operating onshore wind projects platforms in Italy.
Eni, an Italian multinational oil and gas company headquartered in Rome, is buying the 315-megawatt portfolio, which consists of 13 onshore wind assets, spread across mainland Italy and Sicily. The plants are majority-owned by Glennmont.
The portfolio includes SER, SER 1 and Italian asset manager GEMS, which is jointly owned by Glennmont and PGGM. It also includes Finpower and Eolica Lucana, which are both fully owned by Glennmont.
The deal represents the second divestment from Glennmont’s €500 million ($591 million) Clean Energy Fund Europe II and is a key part of the fund’s wider cluster divestment strategy, according to the firm.
“This deal is the latest milestone for Glennmont’s Clean Energy Fund Europe II, underlining the strength of our divestment strategy for Fund II, which is delivering predictable a
