NTR, a leading sustainable infrastructure investor and asset manager, is pleased to announce the successful completion of a c.€57 million debt refinancing in collaboration with NordLb and AIB, further strengthening the Taranis portfolio financing structure.

The refinancing incorporates Provencialis, a 48.4MW fully operational wind farm located in the Provence-Alpes-Côte d’Azur region of France, which reached commercial operations in December 2020. The project benefits from a Contract for Difference (CfD) with the French government, providing long-term revenue certainty and underpinning the quality of the asset. At 48.4MW, Provencialis makes a meaningful contribution to France’s clean energy ambitions and to Europe’s broader decarbonisation goals.

This transaction represents a significant expansion of NTR’s Taranis portfolio, which already encompasses the operational Irish wind farm Ballycumber, operational French wind farms SPJ and Briqueville, and the Momerstroff II wind portfolio in France, which is currently under construction and expected to enter commercial operations over the coming months.

All projects are owned by the NTR Renewable Energy Income Fund II.

Nick Forster, Head of Structured Finance for NTR, commented:

“This refinancing with Nord LB and AIB is a further demonstration of the strength and breadth of the Taranis portfolio and the continued confidence of leading European financial institutions in our renewable energy assets. The addition of Provencialis, a high-quality operational wind farm backed by a French government CfD, further enhances the diversification and resilience of the portfolio. We are delighted to continue working with NordLB and AIB as financing partners and look forward to building on these relationships as we continue to drive Europe’s clean energy transition.”

You can now read the full press release at the link below