NTR closes €57m finance debt facility for Scottish wind farm

Irish investment group NTR has closed its second debt facility in a month after securing $44.9 million (€57m) in financing with Royal Bank of Scotland for its 27 MW Quixwood Moor wind farm.

The Quixwood Moor senior debt facility will be used to finance the construction of the wind farm, which is located in the East Berwickshire area of the Scottish Borders region.

The wind project will deploy thirteen Senvion 2.05MW turbines, ten of which are MM92 and three are MM82 turbines. The farm is expected to generate enough electricity to power approximately 17,000 homes with clean energy.

Construction has recently commenced on the project and the farm is expected to be operational early next year.

Earlier this month NTR announced the close of a £16.8 million (€21.5m) project finance debt facility with Ulster Bank to finance the construction of a wind farm in Co Fermanagh.

Ora More is a 15 MW wind farm which is currently under construction. It is expected to be operational by the end of the year.