NTR and Legal & General Capital have announced the successful and final close of its wind investment fund with the addition of a further €50million secured from the Strathclyde Pension Fund.
The company said it has also been awarded €35million from the Ireland Strategic Investment Fund.
The NTR Wind 1 fund was launched to invest in onshore wind projects in Ireland and the UK.
The fund is well underway in deploying into to build onshore wind assets with an active pipeline of further investments across the UK and Irish markets.
A minimum of €80million has been targeted to be invested in pre-construction renewable investments in the Irish Single Electricity Market.
NTR chief executive, Rosheen McGuckian, said: “We are delighted to have attracted such calibre of institutional money into this, our first wind management fund.
“The line-up of institutional investment partners that have come into the fund is a validation of NTR’s track record and proposition to make long term investments in attractive yielding renewable assets. “
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