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NTR buys two French wind farms for €35m

NTR in €35m deal for two French wind farms
NTR in €35m deal for two French wind farms

NTR,  an investor in renewable energy, has entered the French renewables market through a deal to buy two wind projects for over €35m.

The two wind farms - Bricqueville and Saint-Pierre-de-Juillers - together comprise just under 20MW.

The 8.8 MW Bricqueville project is located in the Normandy region of France and is entering into production. 

NTR said that when fully operational, it will produce enough clean energy to power approximately 4,000 homes. This project is powered by four Vestas V100 turbines.

The 10.2 MW Saint-Pierre-de-Juillers project is located in the Nouvelle-Aquitaine region of France, and is producing enough clean energy to power over 7,000 households. 

The project is powered by five Senvion MM92 turbines.

"These two acquisitions are a strong demonstration of our intent to be an active participant in the rapidly growing French wind and solar market," commented Manus O'Donnell, NTR's chief investment officer of NTR.

Mr O'Donnell said that the company intends to further expand its French presence with both international and domestic developers.

France is the ninth largest renewables market in the world and the French government has recently reiterated plans to double the country's renewables generating capacity over the coming decade.