NTR plc Acquires 24MW Quixwood Moor Wind Farm


August 26 2015

Dublin – August 26th, 2015:  NTR plc (“NTR”), a leading investor and asset manager of renewable energy projects, has announced the acquisition of the 24MW “Quixwood Moor” wind project located in Berwickshire, Scotland.  NTR has acquired the pre-construction project from Banks Renewables Limited, a leading renewable energy developer in the UK.  The project is expected to enter construction in the autumn, and commissioning is targeted for Q4 2016.

Quixwood Moor is expected to produce over 71,000 MWhr of green energy per year, enough to support the annual electricity requirements of just under 15,500 homes.

Said NTR Chief Executive Rosheen McGuckian; “We are very pleased to have completed another significant wind project acquisition and our first in Scotland.  Together with the acquisition of the single turbine site projects in Northern Ireland in 2014 and the recent acquisition of the 15MW Ora More wind project in Fermanagh, Northern Ireland, this takes NTR’s current total wind portfolio to 42MW.”

NTR is targeting to build and operate circa 175MW of wind over the coming two years across the Irish and UK wind markets and intends to construct all projects and operate them over their lifetimes.

NTR was advised by Pinsent Masons and Natural Power Consultants (Dublin office) on this transaction.

 

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Media Enquiries: Heneghan PR, Nigel Heneghan. Tel + 353 1 660 7395

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