Glennmont Partners has agreed to purchase a 30MW wind portfolio in Finland from independent power producer Clearvise.
The agreement will see Glennmont acquire two onshore wind farms in the Northern Ostrobothnia region of Finland, totalling nine turbines between them.
The technology employed in the projects are Vestas V126 turbines, each of which will generate 3.3MW of power.
The portfolio builds on Glennmont’s expertise in the Finnish market following its development of the 211MW Piiparinmäki wind farm, one of the largest constructed unsubsidised wind farms in Europe and a key wind power asset in the Nord Pool region which reached commercial operations in the summer of 2022.
Joost Bergsma, CEO at Glennmont Partners from Nuveen, said: “This agreement with Clearvise marks another positive investment in Finland and the Nordics, after successful recent activity in the onshore wind and battery storage sector.
“It has been excellent working with the team at Clearvise on this deal, and we now look forward to realising further investment opportunities in this region and across Europe – accelerating the rollout of low-cost clean energy and helping our investors to further decarbonise their portfolios.”