Glennmont Partners to acquire 161MW portfolio from Grupotec.

Glennmont Partners, a fund manager, agreed to acquire the solar photovoltaic projects in Central and Southern Spain with 161MW capacity from Grupotec, a Spanish developer and EPC contractor. Financial terms were not disclosed. “Last year we announced the purchase of our largest portfolio of solar projects, and we are pleased to reach an agreement with Grupotec that will expand this pipeline of projects. This transaction is further evidence of our successful investment strategy for solar PV in Spain, where we have a strong understanding of the local market that enables our expert team to identify and secure assets which deliver stable returns for our investors," Joost Bergsma, Glennmont CEO and Co-Founder.