Glennmont Begins Operations of 38MW Biomass Plant

Glennmont formally accepts handover of landmark Sleaford biomass plant

LONDON--Glennmont Partners, the leading investment manager dedicated to clean energy in Europe, has commenced operation of the 38MW Sleaford straw-fired renewable energy plant.


The plant was built by a consortium of Burmeister & Wain Scandinavian Contractor A/S and Burmeister and Wain Energy A/S. Glennmont purchased 100% of the equity in the project in December 2011, and financed the construction through a debt package provided by NIBC Bank NV, RBS, Siemens Bank GmbH and Unicredit Bank AG.

Sleaford will generate enough electricity to power 65,000 homes as well as providing free heat to local sports clubs and community facilities. It will create and support jobs in local agriculture and has been built to perform to the highest environmental standards.

Glennmont Partners continues to develop a diversified portfolio of renewable projects across Europe and across technologies aimed at delivering robust and sustainable returns for its investors. Currently managing a portfolio of more than 300MW of biomass, wind and solar power in France, Ireland, Italy, Portugal and the UK, Glennmont is ready to grow its portfolio with early investments from its second fund.

Joost Bergsma, Managing Partner of Glennmont, said: "Sleaford is a landmark deal not only for Glennmont but for the UK biomass industry as a whole. Glennmont has committed itself to leading the way for institutional investors to realise exceptional value from the renewable energy market, and Sleaford is an excellent example of this."

For further information, please visit: www.glennmont.com

Featured Product

DPW Solar Power Railâ„¢

DPW Solar Power Railâ„¢

The Power Railâ„¢ hardware system is the professional grade choice for mounting PV Modules on residential roofs and commercial structures. Featuring revolutionary RADâ„¢ lock-in-place hardware, grounding and pre-assembled clamps, the Power Rail mounting system offers installers both labor and time savings. What sets this mounting system apart are eight rail choices for reducing costs over a broad range of span distances. Since 1993, DPW Solar mounting systems have provided installers the right combination of innovative products, cost savings and proven solar mounting technologies.