L&G NTR Clean Power Fund acquires 211 MW PV project in Ireland

Strategic Power Projects sold Project Monvallet to L&G NTR Fund, adding 211 MW in County Louth, with solar construction starting in 2025 and BESS in 2026.

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By Prudhvi Rani | Updated On in Project Bytes Market Bytes
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L&G NTR Fund acquired Project Monvallet from Strategic Power Projects, adding 211 MW in County Louth and bringing its total capacity in Ireland to 326 MW.

L&G NTR Fund acquired Project Monvallet from Strategic Power Projects, adding 211 MW in County Louth and bringing its total capacity in Ireland to 326 MW. Image Credit/Source: MRGanso/Pixabay

The L&G NTR Clean Power (Europe) Fund has acquired project Monvallet which is a 211 MW Ready-to-Build solar and battery storage project in County Louth, Ireland. The portfolio was purchased from Strategic Power Projects Ltd and includes Monvallet Solar Ltd and Hazelboro Ltd, both with approvals for grid connection and planning. Solar construction is scheduled for 2025, with BESS following in 2026. Hazelboro solar secured a contract under the Irish Renewable Electricity Support Scheme (RESS), while Monvallet solar is seeking a Corporate PPA partner. This acquisition brings the Fund’s total capacity in Ireland to over 326 MW and marks its ninth transaction. It is the second solar portfolio acquired in Ireland and the third solar transaction overall. Legal and technical support was provided by DLA Piper and Natural Power. 

#Ireland #L&GNTRCleanPowerFund #StrategicPowerProjects #ProjectMonvallet
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