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Nuveen’s Glennmont Starts 700 Million-Euro Renewable Power Fund

  • Glennmont to target wind, solar and hydropower investments
  • Renewable demand grows as Europe shifts away from Russian gas

Nuveen’s London-based renewable energy fund manager Glennmont Partners has raised 700 million euros ($698 million) to buy green power assets in Europe.

Glennmont’s latest fund comes as the European Union plans to boost construction of clean-power generation to cut its reliance on gas imports amid an energy crisis sparked by Russia’s war in Ukraine. Glennmont will invest in technologies such as wind, solar and hydro that may become increasingly profitable as power prices climb.