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NTR has closed two project debt facilities with Nord/LB for a combined EUR45 million (US$49.7 million). The debt facilities are being used to finance the construction of two wind farms in the Republic of Ireland, both of which are expected to be fully constructed by the end of 2019 in time for awarding of the Irish government REFIT tariff.
The projects - Boolard wind farm located in County Cork, Ireland and Aeolus wind farm located in County Mayo, Ireland - will add a further 32 MW of installed clean power to the Irish power system. They make up the final two projects under construction of NTR’s Wind 1 LP Fund, which commenced investments in onshore wind in late 2015, bringing the total capacity of the fund to just under 225 MW.
