Glennmont secures €50m from EIB

The investment highlights the EIB's commitment to clean energy, as it works to support the European Union's target to reduce greenhouse gas emissions to 20% over the next six years. In 2012, the EIB invested €3.3bn in clean energy.

The commitment sees Glennmont's second clean energy fund reaching €250m. The spinout held a first close on €200m in August this year and is targeting €400m.

Glennmont launched its first vehicle in 2009, known at the time as BNP Paribas Clean Energy Partners, and raised €437m in 18 months.

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