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    Glennmont and Trailstone sign Italian power purchase agreement

    Glennmont has secured an 84MW wind capacity power purchase agreement (PPA) with Trailstone Group in Italy.


    This agreement is the latest in a long-standing partnership between the two firms that began in 2016.


    Trailstone will leverage its market access, expertise, and proprietary renewables optimisation platform to mitigate balancing risk and maximise trading revenues for Glennmont’s wind assets in Italy.


    This deal brings the total wind capacity managed by Trailstone in Italy to over 500MW in 2023 and increases the total number of renewable assets managed by Trailstone across Europe to over 4.3GW.


    Trailstone’s route-to-market PPAs enable power generation owners like Glennmont to access forward power markets, generate revenues from balancing mechanism and ancillary services markets, access dispatch service, and meet minimum revenue guarantees.


    Francesco Cacciabue, Partner at Glennmont, said: “We’re pleased to continue our longstanding relationship with Trailstone and work with their expert team to optimise our wind portfolio in Italy.


    “This route to market PPA will ensure that our carefully selected, risk-managed investments deliver sustained performance and reliable returns.”


    Trailstone’s optimisation platform, which is proprietary, leverages robust weather models, data analytics, and artificial intelligence to improve renewable energy supply prediction and optimise returns for asset owners.


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