Legal & General Capital invests in Irish wind energy fund

British financial services group, Legal & General Capital has committed to investing up to almost half of a planned €250m investment fund aimed at financing alternative energy group NTR’s onshore wind projects in Ireland and the UK.

NTR yesterday announced that Legal & General has signed up as the anchor investor in the new fund, which is targeting equity of €250m.

The UK company will cover up to 47.5% of the investment, which could see Legal & General invest almost €119m.