L&G NTR Clean Power (Europe) Fund, a joint partnership between investor Legal & General (L&G) and renewable-energy specialist NTR, has acquired Ballydonagh Solar, a 105-megawatt-peak solar project in Ireland from renewable-energy company RES. Financial terms were not disclosed.
Located in County Galway, the project has grid and planning in place, and following further design optimization, construction is expected to commence in 2027.
“We’re delighted to announce this acquisition in the Irish market, which will play an important role in supporting Ireland’s ambitious carbon-reduction goals,” said Anthony Doherty, CIO of NTR. “With a strong track record in acquiring, developing and optimizing energy projects, we are applying that expertise in our home market to deliver long term value for this fund’s investors.”
In April, the L&G NTR Clean Power (Europe) Fund held a final close with €607 million ($712 million) of commitments. The Ar
