NTR launches 86-MW wind farm in Sweden, buys solar project in UK
- Irish renewable resource programmer and investor NTR Plc today said it has actually launched an 86-MW wind farm in Sweden as well as got a 70-MWp ready-to-build solar farm in the UK.
NTR's Norra Vedbo onshore wind farm in southern Sweden will give a portion of its generation to Microsoft (NASDAQ: MSFT) under a long-lasting corporate power purchase agreement (PPA), the developer confirmed.
The EUR-115-million (USD 119.7 m) wind park includes 20 Vestas turbines of 4.3 MW each, set up on rock support foundations.
The project entails a co-investment from Reichmuth Facilities Fund along with the NTR REIF II Fund. Skandinaviska Enskilda Banken AB (SEB) supplied debt financing.
NTR stated it currently takes care of 198 MW throughout four wind farms in the Nordic market. Norra Vedbo achieved industrial operation on time despite difficulties such as the pandemic as well as associated supply chain disturbances, the owners kept in mind.
Independently, NTR stated it has obtained the ready-to-build 70-MWp Medebridge solar farm in Essex from the management group of REG Power Management (RPM) and various other investors.
The project has full planning consent, grid link as well as land agreements and also is anticipated to find onstream in the initial quarter of 2024. NTR remains in conversations to set up a power purchase agreement (PPA) for it.
"Offered its scale and also close proximity to London, Medebridge is a distinctively eye-catching solar project that can be constructed fairly rapidly and fulfill the urgent needs of corporates seeking clean power options," according to NTR primary investment policeman Anthony Doherty.
RPM chief executive Andrew Whalley stated the project will certainly include in the close-by Ockendon solar farm that RPM marketed to NTR last year.
