Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, along with Eolus, have sold two Swedish wind farms to Glenmont Partners from Nuveen (“Glennmont”).

The transaction will see Glenmont acquire Langmarken wind farm in Kristinehamn, Southern Sweden, which has a total capacity of 19.8MW, and Vasberget wind farm in Ljusdal, Northern Sweden, which has a 27.6MW capacity. Both wind farms have been operational since 2017 and offer a versatile multi-option PPA offtake framework with Statkraft until 2032, allowing for short and medium-term strategic adaptability.

Raphael Lance, Head of Energy Transition Strategies at Mirova said: “We are proud to have brought in operation this Swedish portfolio with the help of initial developers and construction companies Eolus and RES Renewables Norden and with the support of our co-investor European Investment Bank. After almost six years of operations, we are delighted to hand it over to the experienced teams at Neveen.”

Joost Bergsma, CEO at Glennmont Partners, added: “We’re delighted to have worked with Mirova to complete our first investment in Sweden. The Swedish wind sector market is a key target market in the Nordic region for Glennmont and these assets fit well with our NECRI investment strategy.”

For further reading:
Mirova is an affiliate of Natixis Investment Managers.
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Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
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