Irish renewables investment group, NTR plc, has acquired 14 250KW single turbine projects in Northern Ireland through the acquisition of KN Energy Ltd.

The portfolio of projects comprises four operational sites and a further 10 development projects, most of which are at advanced stages of development. With the addition of this portfolio to its existing build out programme, NTR expects to construct, commission and operate a minimum of 18 250KW projects across the province within the coming 12 months, with more projects under review thereafter. NTR will manage the assets from its Dublin office, outsourcing their maintenance to a strategic partner, based in Omagh, Co Tyrone.

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NTR plans to build and operate up to 20MW of single turbine wind projects as part of its strategy to invest in and manage 150MW of wind across UK, Ireland and the Nordic region. The 250KW projects avail of the attractive 4ROCs (Renewables Obligation Certificates) incentive programme in Northern Ireland. The Group is actively seeking late-stage development wind projects ranging from 225KW up to 40MW in size as it builds out its European platform.

(CD/JP)