NTR invests €35m in French wind farm market

NTR invests €35m in French wind farm market
File photo.

NTR has made a move into the French renewable energy market with the purchase of two wind farm projects for a combined investment of over €35m.

The toll roads operator-turned-wind and solar farm investor has bought the 8.8-megawatt Bricqueville project in Normandy and the 10.2-megawatt Saint-Pierre-de-Juillers project in the Nouvelle-Aquitane region in south-west France.

Between them, the two projects will produce enough clean energy to power approximately 11,000 homes.

"These two acquisitions are a strong demonstration of our intent to be an active participant in the rapidly growing French wind and solar market," said NTR's chief investment officer Manus O'Donnell.

NTR has identified the French onshore wind and solar market as a core target for its second sustainable infrastructure fund. France is the ninth largest renewables market in the world and the French Government recently reiterated plans to double France’s renewables generating capacity over the coming decade.

NTR currently owns wind farm assets across the island of Ireland and in Scotland and England. It also owns solar assets in England.

It sold its US renewable energy assets in 2014 when the Roche family-owned Woodford Capital took sole control of the group. NTR invests in renewable energy projects, via its investment funds, on behalf of institutional investors.

Mr O'Donnell said NTR intends to further expand its French presence.

More in this Section

Facebook suspends ‘tens of thousands’ of appsFacebook suspends ‘tens of thousands’ of apps

Walmart to stop selling e-cigarettes at its US storesWalmart to stop selling e-cigarettes at its US stores

Applegreen to retain non-core UK hotels businessApplegreen to retain non-core UK hotels business

Mainstay Medical eyeing late 2020 US commercialisation approvalMainstay Medical eyeing late 2020 US commercialisation approval


Gráinne Healy only started running regularly a few years ago. She’s already completed 50 parkruns. She tells Rowena Walsh what motivates her.Ageing with Attitude: Parkruns and quiet Friday nights

Against popular wisdom and flying a plane made from bamboo, wire and bike handlebars, a Co Antrim woman blazed a sky trail for aviation and for the independence of women, writes Bette BrowneMagnificent Lilian Bland blazed a trail for independence of women in her plane of bamboo

The epic battle for the bridge at Arnhem, as depicted in the blockbuster 'A Bridge Too Far', saw the Allies aim to end the war by Christmas 1944, but failed as a huge airborne assault force failed to take the last bridge across the Rhine. In an extract from his latest book 'A Bloody Week', Dan Harvey tells the story of one of the hundreds of brave men from Ireland who gave their all to the Allied campaignThe bridge to war: Dan Harvey's new book looks at the Irish who went a bridge too far

Several days ago, the long-awaited sequel to Margaret Atwood’s The Handmaid’s Tale was released.Lindsay Woods: I have always consumed books at a furious pace

More From The Irish Examiner