Irish energy company NTR has expanded its renewable portfolio with the acquisition of the 48.8MW Antiques and Ollières wind farm, located in the Provence-Alpes-Cote d'Azur region of France.
Photo: jimmedia / Creative Commons Licence: CC BY-NC-SA
The project was acquired using the NTR Renewable Energy Income Fund II, a wind, solar and energy storage fund that operates across numerous European markets.
The farm was acquired from independent French developer Eco Delta towards the end of its construction.
The farm's output is maintained by 22 Vestas turbines, and the plot has recently commenced operations.
The total cost of the project came in at around €90 million.
Manus O‘Donnell, Chief Investment Officer of NTR; said: “Artigues et Ollières wind farm is a substantial onshore wind project in size for France which avails of a 20-year government-backed tariff.
"The project is a highly attractive addition to our NTR Renewable Energy Income Fund II portfolio, bringing clean power to the equivalent of a further 25,000 homes.”
The purchase adds onto NTR's existing energy portfolio, with assets under their control totalling in at 550MW of wind and solar projects across Ireland, France, Sweden, Finland and the UK.
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