The first tranche of funding, amounting to €45m, will be allocated to the refinancing three operational wind farms.
These comprise SPJ and Briqueville in France and Ballycumber in Ireland, all of which have a combined capacity of 38.25MW.
The remaining €64m of the facilities will support the Momerstroff 2 project in France, which is in the late development stage.
The 34.5MW project is expected to enter commercial operations in early 2026.
Both Nord LB and AIB were appointed as mandated lead arrangers (MLAs), with Nord LB also acting as facility agent and account bank.
Each bank will also act as hedging counterparties.
All projects are owned by the NTR Renewable Energy Income Fund 2.
Nick Forster, head of structured finance – investments, at NTR, said: “This innovative financing collaboration with Nord/LB and AIB underscores the enduring value and appeal of our high-quality renewable energy projects, strategically diversified across Europe.
“We are proud to strengthen our longstanding relationships with both banks and look forward to building on these successful partnerships.”
Niall McInerney, head of climate capital Europe, AIB, added: “AIB is delighted to support NTR, with whom we have a well-established relationship, on another innovative transaction.
Large-scale renewable energy projects are key drivers of sustainable economic growth, which is the focus of AIB’s Climate Capital segment.”
Heiko Ludwig, Global Head of Structured Finance at Nord/LB, said: “Financing impactful renewable energy projects that accelerate Europe’s net-zero transition is of central importance at NORD/LB.
“These wind farms in France and Ireland will deliver clean energy to thousands of households, and we’re delighted to be supporting NTR, a client we have supported for over a decade.”
