Infrastructure asset management firm NTR has announced that it has acquired nine operational UK solar assets totalling 38.4MW captivity. The acquisition is set to be made via its Renewable Energy Income Fund II at a value of €61.3mn (£54.6mn), on satisfactory completion of certain conditions. This is the first transition for the fund after NTR’s first renewable energy infrastructure fund, launched in 2015, became fully invested. CEO of NTR Rosheen McGuckian said the aim of the fund was to “acquire both pre-construction and operational European onshore wind and solar assets, with the operational assets providing immediate yield on investment while the pre-construction assets are being built out”.
