April 2019 – Astris Closes the Julia Transaction, the Sale of a 115 MW French Wind and Solar Portfolio

Astris Finance is pleased to announce the completed sale of Glennmont Partners’ French renewable portfolio. This portfolio was comprised of both solar PV and wind assets located in mainland France, with a total installed capacity of 115 MW. Following a thorough market consultation, the portfolio was divided into two separate transactions (Wind Assets and Solar Assets). The wind assets were sold to Falck renewables, while the PV assets, car park shelters located on 5 different Renault sites were sold to the leading IPP Sonnedix.

 Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. Glennmont Partners raises long-term capital to invest in alternative power generation projects, such as wind farms, biomass power stations, solar parks, and small-scale hydropower plants.

 Astris acted as exclusive financial advisor to Glennmont Partners and managed to close the two transactions in a parallel, a key parameter of success for our client.