News

NTR Signs PPA as Part of Financing of Swedish Wind Project

NTR Signs PPA as Part of Financing of Swedish Wind Project

Dublin, 3 February 2020:  NTR has signed a power purchase agreement (“PPA”), with a European utility as part of its financing of 94MW of wind projects in Sweden and Finland.  The utility will offtake 70% of the power generated over the next 15 years by Trattberget, a 69MW wind project in the portfolio.  The power produced by the remaining two projects will continue to avail of existing revenue arrangements.  An existing offtake arrangement is in place with an industrial pulp mill for the 10MW Skutskär project in Sweden and the 15MW Svalskulla wind project avails of the Finnish feed-in-tariff system.

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February 03, 2020

NTR Fund Acquires 19.2MW Ballycumber Wind Farm in Ireland Increasing its Portfolio to 515MW

NTR Fund Acquires 19.2MW Ballycumber Wind Farm in Ireland Increasing its Portfolio to 515MW

Dublin, 9 January, 2020:  NTR  has added a further 19.2MW to its renewable energy platform through the acquisition of Ballycumber wind farm, located in Co. Wicklow, Ireland.  The project was acquired by the NTR Renewable Energy Income Fund II, a wind, solar and energy storage fund that operates in a number of European markets.  The project, which comprises six Siemens turbines, went into operation in 2019 and is one of the last remaining wind projects to avail of the Irish REFIT tariff.

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January 09, 2020

Helen Kirkpatrick is Appointed to NTR plc Board

Helen Kirkpatrick is Appointed to NTR plc Board

Dublin, 8 January 2020:  NTR plc is pleased to announce the appointment of Ms Helen Kirkpatrick to its board with effect from 1 January 2020. Helen will also join both the audit and remuneration committees of the organisation.

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January 08, 2020

NTR and Nord/LB Close Two Further Project Financings For A Combined €45 million

NTR and Nord/LB Close Two Further Project Financings For A Combined €45 million

Dublin, September 17, 2019:  NTR plc today announces that it has attracted commitments of €229 million for the NTR Renewable Energy Income Fund II, of which €145 million has been secured for the fund’s first close. The fund is targeting €500 million and will invest in both pre-construction and operational onshore wind and solar projects across a number of European markets, together with energy storage that is associated with the wind and solar projects owned by the fund.

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September 17, 2019

NTR acquires 200MW wind portfolio in Sweden and Finland, total capital investment of over €180 million

NTR acquires 200MW wind portfolio in Sweden and Finland, total capital investment of over €180 million

Dublin, 15 January 2019:  A portfolio of just over 200MW of operational and pre-construction onshore wind projects in Sweden and Finland has been added by NTR to its NTR Renewable Energy Income Fund II, for which a fundraising first close was recently announced. The portfolio comprises three operational projects totalling 94MW and one advanced stage development cluster totalling 108 MWpotential capacity in southern Sweden. Total capital investment, including the build out of the development cluster, is expected to be in excess of €180 million. NTR acquired the portfolio projects, called Vindin, from a consortium of nine Swedish industrial companies.

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January 15, 2019

Commitments of €229 million secured by NTR for its second renewable energy income fund

Commitments of €229 million secured by NTR for its second renewable energy income fund

Dublin, January 3, 2019:  NTR plc today announces that it has attracted commitments of €229 million for the NTR Renewable Energy Income Fund II, of which €145 million has been secured for the fund’s first close. The fund is targeting €500 million and will invest in both pre-construction and operational onshore wind and solar projects across a number of European markets, together with energy storage that is associated with the wind and solar projects owned by the fund.

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January 03, 2019