Dutch pension fund asset manager PGGM and Glennmont Partners have sold a portfolio of 13 onshore wind farms in Italy to energy firm Eni.

The PGGM Infrastructure Fund and the Glennmont Clean Energy Fund Europe II funds have sold the 315MW portfolio for an undisclosed amount.

The portfolio includes SER, SER 1 and GEMS, jointly owned by Glennmont and PGGM, as well as Finpower and Eolica Lucana, which are both 100% owned by Glennmont. 

Italian asset manager GEMS is also part of the transaction, Glennmont said in a statement.

Francesco Cacciabue, partner and CFO at Glennmont Partners, said: “We’re delighted to agree the sale of this distinctive portfolio of Italian wind assets to Eni. This deal is the latest milestone for Glennmont’s Clean Energy Fund Europe II, underlining the strength of our divestment strategy for Fund II which is delivering predictable and stable returns for our investors.”

Eni’s CEO, Claudio Descalzi, said: “This transaction represents an important step forward for Eni’s renewable energy growth, and will enable us to reach 4GW of installed capacity in 2024, 15GW in 2030 and 60GW in 2050 as planned in our strategy.

“On the one hand, we are growing organically, thanks to the projects that come from our domestic and international partnerships as well as our greenfield developments in upstream countries. On the other hand, we plan to accelerate growth through selective acquisitions, in particular in those countries where we have an existing broad customer base.”

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