L&G and NTR fund acquire 75.4 MWp solar and battery energy storage system (BESS) project in England

L&G and NTR fund completed the acquisition of a 75.4 MWp solar and battery energy storage system (BESS) project located in England. The transaction marks L&G's and NTR fund's entry into the UK's hybrid renewable energy sector, combining solar photovoltaic generation with battery storage capabilities. The project is expected to enhance grid stability and support the UK's decarbonization goals by providing dispatchable clean energy. No financial terms were disclosed in the announcement. The acquisition aligns with both L&G's and NTR fund's strategies to expand their renewable energy portfolios in Europe.

Counterparts (2)

Buyer

NTR fund

company · 1 deals

Dublin-based renewable energy asset manager with €2 billion deployed across 4.1 GW of managed capacity, specializing in wind, solar, and battery storage projects across seven European countries.

L

L&G

company · 1 deals

Legal & General Group Plc (L&G) is a UK-headquartered financial services group managing over £1.2 trillion in assets, with its investment arms (LGIM, LGC) deploying billions into UK and international infrastructure across renewable energy, digital, and social sectors.