Future Energy

03 Jun 2020

Glennmont Offloads 39-MW Biomass Facility in England

03 Jun 2020  by Renewables Now   

London-based fund manager Glennmont Partners on Monday said it has closed the sale of a 39-MW combined heat and power facility in England to peer Greencoat Capital.

The Sleaford facility, located in Lincolnshire, produces power and heat from straw and sustainable wood chip. The plant is accredited for 2.0 Renewable Obligation Certificates (ROCs) per MWh, with about 15 years of ROC life remaining. Heat generated by the facility is provided to the local swimming pool and other community facilities.

This is the latest sale for Glennmont, which offloaded wind and solar projects earlier in 2020. The Sleaford facility was the last remaining asset of Glennmont's EUR-437-million (USD 488m) Clean Energy Fund I.

Evercore was Glennmont's financial advisor on the sale.

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