NTR acquires 14 wind turbine projects in Northern Ireland

Irish renewables investment group NTR has bought 14 wind turbine projects in Northern Ireland through the acquisition of KN Energy.

The portfolio of projects comprises four operational sites and a further ten development projects, most of which are at advanced stages of development.

“We have identified the smaller single turbine sector of the UK wind market as being particularly attractive with projects of this size delivering strong cash yields over a 20 year period, while at the same time diversifying risk across bite-sized investments,” NTR chief executive Rosheen McGuckian said.

NTR said it will manage the assets from its Dublin office, outsourcing their maintenance to a strategic partner, based in Omagh, Co Tyrone.

With the addition of this portfolio to its existing build out programme, NTR said it expects to construct, commission and operate a minimum of eighteen wind projects across Northern Ireland in the coming twelve months.