Announced

Glennmont and TRIG to acquire a 50% stake in Gode Wind 1 from Global Infrastructure Partners.

Synopsis

Glennmont Partners, a fund manager focusing on investments in clean energy infrastructure, and The Renewables Infrastructure Group, a British investment trust, agreed to acquire a 50% stake in Gode Wind 1, a wind farm, from Global Infrastructure Partners, an infrastructure investment fund. Financial terms were not disclosed. Glennmont Partners and TRIG will hold 25% each. “We are delighted to announce this important transaction as Glennmont’s first investment in the German offshore wind market and to be partnering with Ørsted. Gode Wind 1 represents a high-quality offshore wind asset supported by a demonstrable track record of cash flow generation to deliver value for our investors,” Joost Bergsma, Glennmont Partners CEO and Managing Partner.

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