NTR eyes more buys on back of latest windfarm deal

Irish alternative energy company NTR is planning to raise debt financing and launch an investment fund in 2017 as it looks to enhance its fast-growing portfolio of wind farm assets in Ireland and the UK.

The Dublin-based company yesterday announced the purchase of the 28.7 megawatt Twin Rivers wind farm, in Yorkshire, which will cost €95m to complete.

The project is the 10th acquisition of the NTR Wind 1 onshore fund, which was launched last year and is backed by the likes of the Ireland Strategic Investment Fund and British financial services group Legal & General.