EIB invests €50m into second Glennmont Fund

In the United Kingdom, Glennmont Partners has secured a €50 million investment in its second fund by the European Investment Bank. The investment is the single largest clean energy equity investment made by EIB this year. Glennmont Partners was founded earlier this year following a spin-off of BNP Paribas Clean Energy Partners.

It seeks to raise long-term capital to invest in alternative power generation projects focusing on wind, biomass, solar and small-scale hydro projects across the UK and continental Europe. The EIB’s investment will be directly injected into Glennmont’s second clean energy infrastructure fund which now has commitments of €250 million from both new and existing investors from its first fund.

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