NTR inks 69-MW wind PPA in Sweden with European utility

Castlecraig Wind Farm, Northern Ireland (c) Keith Arkins. Source: Renewable Energy Systems (www.res-group.com).

February 4 (Renewables Now) - Irish utility NTR Plc has agreed to sell electricity from a portion of a 94-MW wind portfolio in Sweden and Finland to an unnamed European sector player, it said on Monday.

The power purchase agreement (PPA) was signed as part of a funding round related to the specific portfolio. The contract will see the Irish company sell around 70% of the output of its 69-MW Trattberget project in Sweden for a period of 15 years. The output of the Skutskar project, a 10-MW wind farm in Sweden, will be sold through an existing revenue arrangement with an industrial pulp mill. A contract is also in place for the 15-MW Svalskulla wind park in Finland, the third project in the bundle that is getting support under the country’s feed-in tariff (FiT).

The three wind farms were commissioned between 2009 and 2014. The fresh financing for them was provided by Nord/LB in the form of a EUR-37-million (USD 40.9m) debt facility. 

NTR’s legal advisor in the deal was DLA Piper, with Pexapark serving as commercial counsel.

(EUR 1.0 = USD 1.106)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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