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Venture Capital
glenmontpartners.com

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Funds

1

About Glenmont Partners

The firm is an early-stage venture capital investor, focusing primarily on investments in early-stage companies.

Glenmont Partners Headquarter Location

54 State Street Suite 110

Albany, New York, 12207,

United States

(518)431-1300

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Latest Glenmont Partners News

Glenmont Partners buys Spanish solar portfolio from Grupotec

Sep 22, 2021

22 Sep 2021 (Last Updated September 22nd, 2021 15:26) The acquisition is the largest for Glennmont so far this year. Share Article European fund manager Glennmont Partners has finalised its acquisition of a 473MW solar photovoltaic (PV) project portfolio in central and southern Spain from engineering, procurement and construction contractor Grupotec. The portfolio is Glennmont’s largest acquisition this year and marks the latest milestone for its Clean Energy Fund III after the launch of BNZ. BNZ is an independent power producer (IPP), through which Glennmont aims to develop 1GW of solar PV capacity across southern Europe and increase its total development pipeline to more than 1.5GW. Glennmont co-founder and CEO Joost Bergsma said: “This latest acquisition, as part of Glennmont’s Clean Energy Fund III, follows the recent launch of our new IPP, BNZ. “It is further evidence of our successful investment strategy in solar PV across southern Europe and will help our investors achieve sustainable returns on their infrastructure investments. “Spain represents a key target geography for Glennmont, where we have a strong understanding of the renewable energy market, which enables our expert team to identify and secure assets that, in turn, provide stable returns for our investors.” Under the terms of the deal, Grupotec has agreed to support Glennmont in building and operating the solar portfolio. Glennmont added that it is pursuing power purchase agreements with ‘top-tier’ counterparties, which are due to be signed during the project’s construction phase. Grupotec founder and president Olallo Villoldo said: “Since the second Spanish Renewable Auction, where Grupotec was awarded 92MW of capacity, we have been working hard to develop more than 1GW of solar PV capacity in Spain, of which 700MW will be ready to build in the next 18 months. “This transaction demonstrates that the expertise of the company in the solar PV sector is highly valued in the market and we hope it could lead to future collaborations with Glennmont.” Related Companies

Glenmont Partners Fund History

1 Fund History

Glenmont Partners has 1 fund, including Glenmont Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Glenmont Venture Fund

Early-Stage Venture Capital

1

Closing Date

Fund

Glenmont Venture Fund

Fund Type

Early-Stage Venture Capital

Status

Amount

Sources

1

Glenmont Partners Team

3 Team Members

Glenmont Partners has 3 team members, including current Managing General Partner, Laura E Mann.

Name

Work History

Title

Status

Laura E Mann

Managing General Partner

Current

Dara A Shareef

Managing General Partner

Current

Jeffrey Wetherbee

Managing General Partner

Current

Name

Laura E Mann

Dara A Shareef

Jeffrey Wetherbee

Work History

Title

Managing General Partner

Managing General Partner

Managing General Partner

Status

Current

Current

Current

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