L&G NTR Fund Secures 105-MW Solar Project in Ireland

• L&G NTR Clean Power Fund boosts its green portfolio with the 105-MWp Ballydonagh solar project, advancing Europe's sustainable energy transition.

The L&G NTR Clean Power (Europe) Fund has purchased the 105-MWp Ballydonagh solar project located in County Galway, Ireland. This acquisition was made from the UK-based renewable energy company RES, as announced by Irish renewables developer and asset manager NTR Plc.

The Ballydonagh solar project is a significant addition to the fund's portfolio, enhancing its renewable energy capacity in Europe. This move aligns with the fund's strategy to invest in clean energy projects across the continent, contributing to the transition towards sustainable energy sources.

What impact will the Ballydonagh solar project have on L&G NTR's renewable energy portfolio?

• Increases the fund's total renewable energy capacity, strengthening its position in the European market.
• Diversifies the portfolio by adding a significant solar asset, reducing reliance on other energy sources.
• Enhances the geographic spread of the portfolio, with a strategic location in Ireland.\
• Contributes to the fund's goal of supporting the transition to sustainable energy, aligning with broader environmental objectives.
• Potentially improves financial returns through the addition of a high-capacity solar project.
• Demonstrates the fund's commitment to investing in large-scale renewable projects, attracting potential investors interested in sustainability.
  
• Supports local economic development and job creation in County Galway through the construction and operation of the solar project.