Leading Fund Manager Glennmont Partners Host High Level Debate Exploring Investment Opportunities In Renewables
Glennmont Partners today (Thursday 30 March) hosted a high-level seminar, bringing together institutional investors, industry leaders and policy experts to discuss current developments and growth opportunities for the European offshore wind industry.
The seminar, which took place at de Nieuwe Kerk in Amsterdam, Netherlands, addressed the strategic issues facing the clean energy sector – from accessing value in the growing Clean Energy infra segment and Offshore Wind markets to the role of pension funds and how to reduce the risk of capital. Three keynote speakers focused on the theme ‘Current developments in Offshore Wind Infrastructure Investing’ – bringing insights across cost synergies, refinancing opportunities and profitable exit strategies.
Former Government Minister and former Executive Director of the IEA (“International Energy Agency”), Maria van der Hoeven addressed delegates by underlining the importance of a joint approach between climate change and wider energy policy. Bart Heijermans, CEO of DeepOcean Group, spoke about best practice and his experiences in the execution and operations of renewables project. While delegates also heard from Managing Director of Energy Advisory at ABN AMRO Bank, Max ter Linden, who discussed his role advising a wide range of stakeholders from utilities, IPPs and financial investors on the current policy environment.
Joost Bergsma, CEO of Glennmont Partners said: “We are delighted that so many people from across the investment and renewables community engaged in this important debate. At Glennmont, we are calling for a stable policy framework within the low carbon sector to bring certainty to the market which is crucial to continue to unlock private sector investment. Three prominent speakers shared their insights at today’s discussion, highlighting the role of the Netherlands, where two of the most successful auctions in offshore wind have taken place. The Dutch Government’s example can act as a blueprint for other countries to create stable growth and help them reach the binding target for EU countries of 20% renewables by 2020.”
Speaking after the seminar, Maria van der Hoeven, former Executive Director of the IEA (“International Energy Agency”) said: “There is strong support among European Governments to reducing the impact of climate change by enhancing energy security. Their policies and support have already unlocked significant private sector investment into renewable infrastructure projects. While the sector faces challenges to ensure it remains cost competitive, innovation and technological advances has already led to a significant cost reduction. Today’s seminar provided an important contribution to the debate and dissemination of best practice.”
Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. Glennmont raises long-term capital to invest in alternative power generation projects, such as wind farms, biomass power stations, solar parks and small-scale hydro power plants. The carefully selected, risk managed investments deliver sustained performance and predictable returns over periods of 10 years or more.