Feb. 27 (Bloomberg) -- Glennmont Partners, the renewable-energy fund being spun off from France’s BNP Paribas SA, began to build a wind farm in northern England that will generate enough power for 10,500 homes.
The Todmorden Moor venture in west Yorkshire will use five 2.5-megawatt turbines made by Germany’s Nordex SE, the London-based fund said in an e-mailed statement. It will be operational by the end of the year.
BNP Paribas agreed last month to spin off its 437 million-euro ($571 million) renewables fund in the wake of increased regulation.
To contact the reporter on this story: Sally Bakewell in London at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com