Glennmont Partners to acquire a 50% stake in Gode Wind 3 offshore wind farm from Ørsted for €473m.

Glennmont Partners, a fund manager, agreed to acquire a 50% stake in Gode Wind 3 offshore wind farm from Ørsted, a Danish multinational energy company, for €473m. ”This third investment in German offshore wind with Ørsted continues and strengthens our successful partnership. Ørsted is a recognized leader in the offshore wind sector, and this acquisition underscores Glennmont’s strategy of investing in superior quality projects and developing long-term strategic partnerships with industry leaders,” Francesco Cacciabue, Glennmont Partners CFO and Partner.