L&G NTR Clean Power Fund acquires 105MW Irish solar project
The acquisition increases the Fund’s total capacity in Ireland to more than 430MW and marks its tenth acquisition
L&G NTR Clean Power Fund acquires 105MW Irish solar project
The acquisition increases the Fund’s total capacity in Ireland to more than 430MW and marks its tenth acquisition
Dublin, 30 September 2025
The L&G NTR Clean Power (Europe) Fund today announces the acquisition of Ballydonagh Solar Limited, a 105MWp solar project, from renewable energy company, RES. Located in Co. Galway, the project has grid and planning in place and, following further design optimisation, construction is expected to commence in 2027. The Fund is a joint partnership between NTR, a leading renewable energy specialist, and L&G’s Asset Management business, one of Europe’s largest asset managers. The acquisition was completed by NTR on behalf of the Fund.
Following two previous Irish solar and Battery Energy Storage System (BESS) transactions announced by the Fund earlier this year, the Fund’s Irish portfolio now extends to over 430MW of a total portfolio of well over 1,100MW. The Fund now owns a diversified portfolio of development, construction, and operational wind, solar and BESS assets across six European markets.
Anthony Doherty, Chief Investment Officer of NTR, commented:
“We’re delighted to announce this acquisition in the Irish market, which will play an important role in supporting Ireland’s ambitious carbon reduction goals. With a strong track record in acquiring, developing, and optimising energy projects we are applying that expertise in our home market to deliver long term value for this Fund’s investors.”
Bill Hughes, Head of Private Markets, L&G, said:
“The Fund is a key part of our growing Private Markets platform, and we are continuing to strengthen our portfolio through this latest solar acquisition, in line with our targeted strategy focused on the largest growth areas in the EU’s renewable energy sector. Through strategic acquisitions, we are seeking to deliver significant growth opportunities for long-term investors and accelerate Europe’s energy transition.”
Lucy Whitford, Managing Director for UK&I for Development & Construction at RES, said:
“We are very pleased to see our longstanding relationship with NTR strengthen further, a true testament to the design and quality of our projects at RES. We look forward to continued involvement in the development of the project, which will make an important contribution to improving the security of Ireland’s energy supply.”
The Fund was advised by Pinsent Masons.
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Media Enquiries:
Gilly Lock/ Louisa Henry Sodali & Co
Telephone: +44 207 100 6451 Email: ntr@sodali.com
About the L&G NTR Clean Power (Europe Fund):
The L&G NTR Clean Power (Europe) Fund combines the stewardship and institutional network of L&G with the sustainable infrastructure expertise of NTR to tackle the climate emergency. An SFDR Article 9 fund with sustainable goals as its objective, the Fund provides an opportunity for investors to deploy capital into clean energy projects that will drive Europe’s renewable energy transition. The Fund invests in the development, construction and operation of wind, solar and energy storage assets, aiming to offer exposure to a diversified portfolio of proven technologies across a number of European countries.
About NTR :
Established in 1978, NTR is an experienced sustainable infrastructure investor and asset manager driving Europe’s clean energy transition. NTR develops, constructs, and operates renewable energy projects in circa 66 locations across seven European countries, specialising in wind, solar and energy storage. With over €2 billion of capital deployed, NTR has developed, constructed, and operated over 3.6GW of wind, solar and energy storage projects to date.
NTR’s mission of developing, constructing, and operating sustainable infrastructure in a responsible manner means that we incorporate an ESG mindset into every stage of the business. From initial investment assessment through to operational projects, NTR aims to have a positive impact on the environment and society while maintaining strong governance and risk management oversight.