NTR Acquires 28MW Aeolus Wind Farm Increasing Its Portfolio To Over 220MW
Dublin, April 26, 2018: NTR has added a further 28MW to its onshore NTR Wind 1 LP fund portfolio, with the acquisition of Aeolus, a 28MW wind project located in County Mayo, Ireland. Total costs for the project amount to just over €50 million. The project was acquired from private project developers in the Irish market.
“This is the twelfth acquisition of onshore wind assets in Ireland and the United Kingdom by our NTR Wind 1 fund. In just over three years, we have acquired 220MW, with over 160MW now constructed and producing clean energy” said NTR Chief Investment Officer, Manus O’Donnell.
Once operational, the project will comprise 12 turbines and will provide enough clean energy to power 19,000 homes.
This is the final acquisition of NTR’s Wind 1 fund which was launched by NTR plc to invest in pre-construction onshore wind projects in Ireland and the UK. The fund’s expected total equity and project finance capital requirement amounts to approximately €600 million. NTR is currently acquiring assets for its second sustainable infrastructure fund, called NTR Renewable Energy Income Fund II, which is investing in onshore wind and solar assets across a number of European markets.
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Notes to editors
NTR Wind 1 LP Fund – NTR Wind 1 LP was launched in 2015 by NTR plc to invest in onshore wind projects in Ireland and the UK. Investors of the fund are NTR plc, Legal & General Capital, Strathclyde Pension Fund and the Ireland Strategic Investment Fund. With almost 40 years of experience in investing in and managing infrastructure assets, NTR plc now applies that expertise on behalf of investors who wish to avail of the attractive, reliable cash flows that quality sustainable infrastructure assets can provide.Return to News