Glennmont has signed a power purchase agreement (PPA) with Trailstone Group for 84MW of wind capacity in Italy.
The deal is the latest in a longstanding relationship between Trailstone and Glennmont that began in 2016.
It brings the total wind capacity being managed by Trailstone in Italy in 2023 to over 500MW and the total number of renewable assets being managed by Trailstone across Europe to over 4.3GW.
Through this transaction, Trailstone will use its market access, expertise, and proprietary renewables optimisation platform to reduce balancing risk and maximise trading revenues for Glennmont’s wind generation assets in Italy.
Route to market PPAs offered by Trailstone allow owners of power generation, such as Glennmont, to access the forward power markets, generate revenues from the balancing mechanism and ancillary services markets, access dispatch service and meet minimum revenue guarantees.
Francesco Cacciabue, Partner at Glennmont, said: “We’re pleased to continue our longstanding relationship with Trailstone and work with their expert team to optimise our wind portfolio in Italy.
“This route to market PPA will ensure that our carefully selected, risk-managed investments deliver sustained performance and reliable returns.”
Trailstone’s proprietary optimisation platform uses robust weather models, data analytics and Artificial Intelligence (AI) to better predict renewable energy supply and optimise returns for asset owners.