October 28, 2020
Business News

Blow for environmentalists as controversial windfarm bought by energy firm

The controversial Ballycumber windfarm has been sold to international renewable energy company, NTR.

“We are delighted to add this high quality REFIT-backed wind asset onto the platform which is located close to Dublin, the location of heaviest demand for energy in Ireland,” Manus O’Donnell, Chief Investment Officer of NTR said.

“While our investments are diversified across a number of European countries, the Irish market continues to be a core market for NTR, an Irish-based team, as Ireland transitions from the Feed-In-Tariff regime to auctions, which are due to start in 2020.”

Last year environmentalist Peter Sweetman took a legal challenge over construction of the national grid connection to the windfarm in Tinahealy.
NTR was set up in 1979 to build Ireland’s first toll road and was previously known as National Toll Toads.

This latest acquisition brings renewable energy assets under management by NTR on behalf of its two funds to 515 MWs of wind and solar projects located throughout Ireland, France, Sweden, Finland and the United Kingdom.

 

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