View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 15, 2016

NTR acquires Altaveedan Windfarm in Northern Ireland

Dublin-based NTR has purchased an 18MW onshore windfarm at County Antrim in Northern Ireland.

By Lopamudra Roy

Dublin-based NTR has purchased an 18MW onshore windfarm at County Antrim in Northern Ireland.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

Named Altaveedan, the facility is under construction by developer RES and is aimed to help prove the economic benefit of such projects in the country.

It is located near Loughguile and reveals the significant investment renewable energy projects make in local communities.

Since commencement of construction last year, it has added £4m to the country’s economy. Total capital costs are expected to be more than £30m.

"Over £60m of capital will be invested into NTR wind projects locally, which will provide enough clean energy to sustain 40,000 homes in Northern Ireland."

NTR chief Investment officer Manus O’Donnell said: "Altaveedan is our third wind project investment in Northern Ireland over the past eighteen months and our second with RES, which have an outstanding reputation as a renewable energy developer by putting the community and local economy at the heart of its activities.

"With this investment, over £60m 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."

The Irish county has gained a direct investment of over £1.3m from the nine-turbine project, while £772,000 has been spent within a five mile radius.

RES Ireland’s projects head Lucy Whitford said: "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."

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology