Glennmont Starts to Build U.K. Wind Farm to Power 10,500 Homes

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.