wind

Trailstone and Glennmont Partners sign PPA for 84 MW wind portfolio in Italy

Global energy and technology company Trailstone Group has signed a route to market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen, one of the world’s largest renewable energy investment managers, for 84 MW of wind capacity in Italy.
Trailstone and Glennmont Partners sign PPA for 84 MW wind portfolio in Italy
A wind farm in Italy. Courtesy of Cision.

The deal is the latest in a longstanding relationship between Trailstone and Glennmont that began in 2016. It brings the total wind capacity being managed by Trailstone in Italy in 2023 to over 500 MW and the total number of renewable assets being managed by Trailstone across Europe to over 4.3 GWs.

Through this transaction, Trailstone will utilise its market access, expertise, and proprietary renewables optimisation platform to reduce balancing risk and maximize trading revenues for Glennmont’s wind generation assets in Italy. Route to market PPAs offered by Trailstone allow owners of power generation, such as Glennmont, to access the forward power markets, generate revenues from the balancing mechanism and ancillary services markets, access dispatch service and meet minimum revenue guarantees.

“Trailstone is proud to continue our partnership with Glennmont to provide tech-enabled risk management and asset optimisation solutions for their wind assets in Italy” said Ante Pogacic, Global Head of Power and Renewables at Trailstone. “Deals such as this are necessary to accelerate the clean energy transition by reducing the growing market risks faced by owners of wind and solar assets.”

Trailstone’s proprietary optimisation platform uses robust weather models, data analytics and Artificial Intelligence (AI) to better predict renewable energy supply and optimise returns for asset owners. Trailstone’s experienced risk management and trading teams use the platform to manage imbalances caused by weather related production risks, lowering the barriers to entry for asset developers and enabling the deployment of more wind and solar generation.

At the grid level, improving the effectiveness and efficiency with which renewables are managed enables more assets to connect to the grid, lowering reserve requirements and costs, all of which provide a better environment for the end consumer.

For additional information:

Trailstone Group

Glennmont Partners

Comments

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).