Investor NTR has acquired the operational Ballycumber wind farm in Ireland for an undisclosed price.
The 19.2MW project in County Wicklow, bought from the locally-owned KBM, features six Siemens Gamesa turbines that entered service last year.
NTR chief investment officer Manus O‘Donnell said: “We are delighted to add this high quality Refit-backed wind asset onto the platform which is located close to Dublin, the location of heaviest demand for energy in Ireland.
“While our investments are diversified across a number of European countries, the Irish market continues to be a core market for NTR, an Irish-based team, as Ireland transitions from the Feed-In-Tariff regime to auctions, which are due to start in 2020.”
The deal brings NTR’s renewables assets under management to 515MW of wind located through the UK and Ireland and Europe.