The Dublin based energy company NTR has recently revealed that it has acquired the 18 MW Altaveedan Wind Farm in Antrim by Larne based renewable energy projects developer Renewable Energy Systems (RES).
More specifically the 18 MW Altaveedan Wind Farm project, which is under construction, has been acquired by the NTR’s wind fund. It is the second time NTR and RES have joined forces, following the acquisition of RES’ Ora More Wind Farm in Fermanagh in 2015.
The nine turbine project project, which is being constructed by RES on behalf of NTR, has already injected almost £4 million (US$5.78 million) into the Northern Ireland economy since it started construction in 2015 and the total capital costs for the project are expected to be over £30 million (US$44 million).
The direct investment in the local economy has been achieved through RES contracting with local based firms such as P. Keenan & Sons and F.P. McCann, coupled with utilizing Northern Ireland’s home-grown civil engineering expertise William & Henry Alexander (Civil Engineering) Limited.
NTR’s Chief Investment Officer, Manus O’Donnell, said
“Altaveedan is our third wind project investment in Northern Ireland over the past 18 months and our second with RES who have an outstanding reputation as a renewable energy developer by putting the community and local economy at the heart of their activities. With this investment, over £60 million of capital will be invested into NTR wind projects locally, which together will provide enough clean energy to sustain an estimated 40,000 homes in Northern Ireland.”
Lucy Whitford, RES’ Head of Projects for Ireland, commented:
“Altaveedan Wind Farm is a true local economic success story, and we are delighted to be working with NTR again, who have a clear focus on investing on renewable energy projects. The Altaveedan project shows what can be achieved in a low cost, low carbon future for Northern Ireland with a supporting political mandate which allows investment to continue to be attracted here. We are looking forward to completing construction at Altaveedan on behalf of NTR and will be ensuring that the project continues to deliver local economic benefits when the turbines start arriving on site later in the year.”