Leading renewable energy and infrastructure consultancy, Natural Power has advised NTR on the 200MW acquisition of operational and pre-construction onshore wind projects in Sweden and Finland that has been added to the NTR Renewable Energy Income Fund II. Total capital invested by NTR in the portfolio is expected to be in excess of
Natural Power attended all sites individually and provided pre-construction yield analysis alongside turbine inspections for the operational projects. The detailed due diligence review included turbine service agreements, asset management agreements, grid connection agreements (including grid concession), power purchase agreements, turbine technology, project permits, EIA, and forecasted operational expenditure. Natural Power also advised on an outline construction programme and assessment of development risks for the pre-construction project.
Marc Lamphiere, Country Director of Natural Power Ireland, said:
Giles Dearden, Director of Due Diligence at Natural Power, said:
The portfolio comprises three operational projects totalling 94MW and one advanced stage development cluster totalling a potential 108 MW capacity in southern Sweden. The three operational projects, Trattberget (69MW) located in the rra-Vedbo, into operation in 2021.
NTR will put in place long-term power price contracts for the Swedish projects, for which there is considerable demand, given the scale of the portfolio. Svalskulla, the 15MW project located in Finland, benefits from the Feed-In-Tariff programme supported by the Finnish Government. The projects will be financed with project finance debt.