Glennmont Partners has participated in a €100m Italian bond programme created to finance energy efficiency improvements on residential buildings in Italy.
The infrastructure equity firm said its investment – made through the Renewable Energy Backed Securities 1 (REBS1) green credit strategy – was done alongside several European investors and banks.
Claudio Vescovo, managing director and head of green credit strategies at Glennmont Partners, said: “We are pleased to finalise this latest transaction that is part of the green credit strategy REBS1 and demonstrates Glennmont’s ability to pursue its debt strategy by expanding its investment scope to energy efficiency.
“It further underlines our strong track record of innovating in the green debt space by developing new products and enhancing returns for our investors.”
Scott Lawrence, co-founder of Glennmont Partners, said: “This latest transaction shows once again Glennmont green credit strategy’s ability to find opportunities in the energy transition market to deliver attractive risk-adjusted returns to our investors by structuring specialised lending instruments for projects.”
To date, Glennmont has made credit investments across 7 European countries (Germany, France, Belgium, Sweden, Spain, Italy, & Portugal), and over 1,000 renewable energy assets comprising a total installed capacity in excess of 8GW.
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