L&G NTR Clean Power Energy Fund Buys Three PV Development Assets in Spain from BayWa
Posted on 01/04/2023
Spain is the third largest European solar generator in the European Union.
L&G NTR Clean Power (Europe) Fund is overseen by Legal & General Investment Management (LGIM) and renewable energy specialist NTR plc. The jointly-managed fund was formed in October 2021 to provide institutional investors in the U.K., Europe, and Asia access to the €1 trillion European Union energy transition plan.
The L&G NTR Clean Power (Europe) Fund acquired three pre-operational projects, located in Castilla la Mancha and Andalusia from BayWa r.e.’s renewables division. Two of the photovoltaic (PV) projects will be situated in the Castilla la Mancha region. They are due to begin operations in 2023. BayWa r.e. has installed 500MW of wind and solar capacity in Spain.