NTR Secures €65M for Irish Solar-Storage Projects

• NTR Plc secures €65M to power Ireland's green future with solar-plus-storage projects, boosting sustainable energy and meeting national renewable goals.

NTR Plc, an Irish renewables developer and asset manager, announced securing an initial EUR 65 million (USD 77 million) financing package. This funding will support the construction of the first two projects in its Monvallet solar-plus-storage portfolio.

The financing marks a significant step in advancing NTR's renewable energy initiatives in Ireland, focusing on integrating solar power with energy storage solutions. The projects are part of NTR's broader strategy to enhance sustainable energy infrastructure and contribute to Ireland's renewable energy targets.

How Will NTR's EUR 65 Million Financing Impact Ireland's Solar-Plus-Storage Development?

• Accelerates the development of solar-plus-storage projects, contributing to Ireland's renewable energy goals.
• Enhances grid stability and reliability by integrating energy storage with solar power.
• Supports Ireland's transition to a low-carbon economy by increasing the share of renewables in the energy mix.
• Encourages further investment in renewable energy infrastructure in Ireland.
  
• Provides a model for future renewable energy projects combining solar and storage technologies.
• Helps reduce Ireland's dependency on fossil fuels, decreasing greenhouse gas emissions.
• Promotes job creation in the renewable energy sector during construction and operation phases.
• Strengthens NTR's position as a leader in renewable energy development in Ireland and potentially in other markets.