NTR has added an extra 48 MW to its renewable power platform by means of the acquisition of the Artigues et Ollières wind farm, positioned within the Provence-Alpes-Cote d’Azur area of France. The challenge was acquired by the NTR Renewable Energy Income Fund II, a wind, photo voltaic and power storage fund that operates throughout numerous European markets. Total prices for the challenge quantity to over €90 million. The challenge, which includes 22 Vestas generators, has not too long ago commenced operations.
Said Manus O‘Donnell, Chief Investment Officer of NTR; “Artigues et Ollières wind farm is a considerable onshore wind challenge in measurement for France which avails of a 20 yr government-backed tariff. The challenge is a extremely enticing addition to our NTR Renewable Energy Income Fund II portfolio, bringing clear energy to the equal of an extra 25,000 houses.”
The challenge was acquired from impartial French developer Eco Delta in the direction of the tip of its development.
This newest acquisition brings renewable power property below administration by NTR on behalf of its present two funds to 550 MW of wind and photo voltaic tasks positioned all through Ireland, France, Sweden, Finland and the United Kingdom.
NTR is a sustainable infrastructure investor primarily based in Dublin, Ireland. The firm acquires, constructs and manages renewable power tasks. NTR has developed, constructed and operated over 2,600 MW of wind and photo voltaic tasks in Europe and the USA. Its first fund, NTR Wind 1 LP, was launched in 2015 to spend money on pre-construction onshore wind tasks in Ireland and the UK. Its second fund, NTR Renewable Energy Income Fund II, invests in each pre-construction and operational onshore wind and photo voltaic tasks along with power storage throughout numerous European markets.
Eco Delta, lively in France since 2002, is an impartial firm whose vocation is to advertise, develop and function wind and photovoltaic tasks, respectful of the native inhabitants and the atmosphere. It resolutely inscribes its actions in a technique of native financial improvement.
(Source: NTR – Image: Artigues et Ollières wind farm/Eco Delta)
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