December 20 (Renewables Now) - Irish green asset manager NTR Plc has acquired two wind projects totalling 19 MW in France, thus marking its entry into the French wind power market.
The deal of NTR’s second sustainable infrastructure fund NTR Renewable Energy Income Fund II is estimated at over EUR 35 million (USD 39.9m), the Irish group said on Wednesday. The fund purchased the 8.8-MW Bricqueville wind park in Normandy from UK-based renewables developer Renewable Energy Systems Ltd (RES), while the 10.2-MW Saint-Pierre-de-Juillers plant was bought from BayWa re renewable energy GmbH of Germany.
Located in the Nouvelle-Aquitaine region, Charente-Maritime department, the larger facility is fully operational and is generating enough power for over 7,000 homes. It uses five Senvion MM92 turbines. The Bricqueville plant’s four Vestas V100 turbines, meanwhile, are now entering into production and are seen to supply about 4,000 homes, once fully commissioned.
NTR has selected France as the core onshore wind and solar market for its second renewable energy fund. The company’s chief investment officer Said Manus O’Donnell commented on the latest deals: “These two acquisitions are a strong demonstration of our intent to be an active participant in the rapidly growing French wind and solar market.”
(EUR 1.0 = USD 1.139)