Glennmont, a subsidiary of Nuveen, established an independent power producer (IPP) to develop, construct and operate 1GW solar photovoltaic projects in Southern Europe. BNZ plans to achieve 1GW of installed capacity in Italy, Portugal and Spain by 2024, of which the initial 350MW is in the later stage of development.

The company's main goal is to focus mainly on solar photovoltaic power generation, with the possibility of expanding to other technologies such as battery storage and hydrogen in the future. BNZ will become an important part of the Glennmont Clean Energy Fund 3's investment portfolio and has obtained the authorization to build its first solar photovoltaic power plant in these markets.

Keywords: solar energy, international engineering news, foreign engineering project information

Scott Lawrence, co-founder of Glennmont Partners and director of BNZ, said: “The launch of BNZ represents the latest development of Glennmont’s expansion in Southern Europe. Italy, Portugal and Spain are BNZ’s priority markets and have strong power in the generation of renewable technologies such as solar photovoltaics. Growth potential." "Our team’s operational and asset management experience in these regions will ensure that we can identify and ensure investment value."Editor/Baohongying