Greencoat Capital has acquired a 41.8MWe UK bioenergy plant from Nuveen-owned infrastructure manager Glennmont Partners.

The 40MW Margam Green Energy Plant is a £160m (€190m) wood-fired power station, located near Port Talbot, South Wales. 

The plant was originally acquired by Glennmont in 2015 during the construction phase and has been operational since 2019.

Glennmont said the disposal of Margam is a continuation of its divestments from its second clean energy platform. It follows the platform’s divestments of two wind portfolios in Italy and France last year.

CEO and co-founder at Glennmont, Joost Bergsma said: “This latest transaction brings us a step closer to realising the full divestment of our second clean energy platform and underlines our expertise across the full investment cycle from deal structuring, to asset management and the final sale.

“As we continue to play a key role in the energy transition, we look forward to leveraging our expertise to identify and secure further value from assets.”

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