The biomass plant, which will also provide free heat to local sports clubs and community facilities, now forms part of the fund’s 300MW renewable energy portfolio which includes biomass, wind and solar power in France, Ireland, Italy, Portugal and the UK.
“Glennmont has committed itself to leading the way for institutional investors to realise exceptional value from the renewable energy market, and Sleaford is an excellent example of this,” said managing partner of Glennmont Joost Bergsma in a statement.
Glennmont added that it is ready to grow its portfolio with early investments from its second fund.