London based investment group Glennmont Partners has raised €850m at the final close of its third fund for investments in clean energy projects across Europe.

Initiated in late 2017, the fund exceeded its target of €600m and took the group’s investment in clean energy infrastructure to over €2bn.

Europe was the biggest area for investment in the fund, with 79% of investors coming from the region, including the European Investment Bank (EIB). Asian markets contributed 12% of the fund, with the final 9% coming from North America.

Over 70% of the investment will go to projects in the Eurozone and the UK. The group will invest in offshore wind projects for the first time, alongside solar, onshore wind, bioenergy and hydropower. The fund will last ten years and will target recently built or soon to be operational projects.

Glennmont CEO Joost Bergsma said: “We are delighted to announce the successful closure of our Third Clean Energy Fund which has raised over three-quarters of €1bn. Institutional investors globally recognise that the energy transition and climate change is of key relevance to the performance of their portfolio.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Glennmont’s investment strategy has proven to deliver good performance and predictable returns, and this strong demand from investors underlines the quality of the assets it invests in.”

The group tweeted: “Glennmont smashes hard cap target for clean energy fund III raising €850m. It is the largest amount that has ever been raised for a green energy only fund with a European mandate.”

“The over-achievement of the target for fund III (originally €600m) was achieved because of the high level of interest in sustainable themes among investors.”