Glennmont Partners has completed the divestment of a portfolio of five carpark canopy photovoltaic projects in France, totalling 55MW.
Independent power producer Sonnedix has acquired the projects, all in northern France.
The portfolio comprises the 10.4MW Batilly, the 11.9MW Douai, the 10.6MW Flins, the 11.8MW Maubeuge and the 10.4MW Sandouville. They commenced operations between December 2011 and January 2012.
Glennmont’s Clean Energy Fund Europe I was fully invested in 14 onshore wind, solar and bioenergy assets across five geographies.
The sale also follows recent announcements of the sale of the fund’s Portuguese PV projects to Cubico Sustainable Investments, French wind projects to Falck Renewables, and Italian solar assets to Tages.
Glennmont Partners chief executive Joost Bergsma said: “Over the past 11 years Glennmont has been actively compiling a large mixed renewable energy portfolio, and we look forward to delivering further value for our investors across the investment cycle.”
The fund is now approaching the end of its divestments with upcoming sales likely to include Italian wind, UK and Irish wind, and UK biomass, according to Glennmont.
Sonnedix chief executive Axel Thiemann said: “We’re delighted to exceed 200MW operating capacity in France in 2019.
“Our focus on operational excellence ensures all assets are quickly and efficiently onboarded to our global platform. The pace of growth in-country is being mirrored in our other Europe markets, as we actively seek to develop, build and acquire assets across our platform for the long term.”