Nuveen-backed Glennmont Partners completed the acquisition of Sirocco Winco 2.

Nuveen-backed Glennmont Partners, a fund manager, completed the acquisition of Sirocco Winco 2, a portfolio of onshore wind projects in Albacete and Andalucia. Financial terms were not disclosed. “We are pleased to have finalised the acquisition of Sirocco from Alfanar. Spain is a key target geography for Glennmont and our entry to the Spanish wind market marks a significant milestone for our ambitions for the region, as well as the amount of capital we have now invested in projects from our third clean energy investment platform. The well-structured nature of the Sirocco investment combined with a strong counterparty in Alfanar makes it an ideal first onshore wind project to support Glennmont’s investment strategy in Spain. The success of this deal underlines the team’s continued ability to clear value for our investors as we look to support the global transition to renewables," Joost Bergsma, Glennmont CEO and Co-Founder.