Glennmont, a sustainable infrastructure investment manager, has signed a power purchase agreement (PPA) with Trailstone Group for 84MW of wind capacity in Italy. This deal marks the latest collaboration between Trailstone and Glennmont, who have been partners since 2016.
Trailstone will use its market access, expertise, and proprietary renewables optimisation platform to reduce balancing risk and maximise trading revenues for Glennmont's wind generation assets in Italy. The transaction will enable Glennmont to access forward power markets, generate revenues from the balancing mechanism and ancillary services markets, access dispatch service and meet minimum revenue guarantees.
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The new agreement brings the total wind capacity being managed by Trailstone in Italy in 2023 to over 500MW, and the total number of renewable assets being managed by Trailstone across Europe to over 4.3GW.
Francesco Cacciabue, Partner at Glennmont, expressed his pleasure in continuing the longstanding relationship with Trailstone and working with their expert team to optimise their wind portfolio in Italy. Cacciabue noted, “This route to market PPA will ensure that our carefully selected, risk-managed investments deliver sustained performance and reliable returns.”
Trailstone's proprietary optimisation platform employs robust weather models, data analytics, and artificial intelligence to better predict renewable energy supply and optimise returns for asset owners. Through the use of this platform, Trailstone will continue to provide innovative solutions and support for its partners in the renewable energy industry.
