Infrastructure fund manager NTR has added a further 48 MW to its renewable energy platform through the acquisition of the Artigues et Ollières wind farm in the Provence-Alpes-Cote d’Azur region of France.
The project was acquired by the €500m NTR Renewable Energy Income Fund II, which focuses on wind, solar and energy storage in Europe.
Total costs for the project amount to more €90m.
The project, which comprises 22 Vestas turbines, has recently commenced operations.
Manus O‘Donnell, CIO of NTR, said: “Artigues et Ollières wind farm is a substantial onshore wind project in size for France that avails of a 20-year government-backed tariff. The project is a highly attractive addition to our NTR Renewable Energy Income Fund II portfolio, bringing clean power to the equivalent of a further 25,000 homes.”
The project was acquired from independent French developer Eco Delta towards the end of its construction.
The acquisition brings renewable energy assets under management by NTR through its two funds to 550 MW of wind and solar projects in Ireland, France, Sweden, Finland and the UK.