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NTR Fund Acquires French Wind Farm

Sustainable infrastructure investor and asset manager NTR has added a further 48 MW to its renewable energy platform through the acquisition of Artigues et Ollières wind farm in France.

The project located in the Provence-Alpes-Cote d'Azur region of France was acquired by the NTR Renewable Energy Income Fund II, a wind, solar and energy storage fund that operates across a number of European markets. Total costs for the project, comprised of 22 Vestas turbines, amount to over €90 million. The wind farm has recently commenced operations.

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 project was acquired from independent French developer Eco Delta towards the end of its construction.

Windfair Editors
NTR, fund, asset, wind farm, onshore, France, renewable energy, Europe, Eco Delta, costs, investment

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