NTR's Murley wind farm, situated in Northern Ireland's County Tyrone, has inked a corporate power purchase agreement (PPA) with pharmaceutical company Almac Group, marking a significant development in the region's emerging corporate PPA market.
The agreement, a pioneering move in Northern Ireland's energy landscape, positions Murley Wind Farm as a key player in enabling Almac Group to substantially reduce carbon emissions associated with its electricity consumption. The 21.6MW wind farm's timely commencement of operations aligns with Almac's sustainability objectives, providing a vital source of clean power to support the pharmaceutical company's operations.
Almac Group, headquartered in Craigavon, Northern Ireland, operates extensively across Ireland, with facilities in Athlone and Dundalk. The partnership with Murley Wind Farm underscores Almac's commitment to environmental stewardship and reducing its carbon footprint across its operations.
Expected to commence commercial operation in the latter half of the year, Murley Wind Farm will supply Almac's Craigavon campus headquarters with renewable energy, resulting in a significant reduction of carbon emissions by up to 95%. The move is particularly significant given the campus's status as a major employment hub, with over 4000 employees contributing to Almac's global workforce of 7000.
Francisco Del Rio, Associate Director of Power Sales at NTR, expressed enthusiasm about the partnership, highlighting the pivotal role of corporate PPAs in advancing sustainability goals and driving the clean energy transition not only in Northern Ireland but also across Europe.
Niall Harkin, Executive Director at Almac Group, echoed the sentiment, emphasizing the importance of the collaboration with NTR in advancing Almac's journey toward net zero emissions and reinforcing its commitment to environmental responsibility.
Legal advisors A&L Goodbody supported NTR in facilitating the corporate PPA, while Rabobank provided financing for the Murley Wind Farm project. Almac Group received advisory support from E&Y Dublin and Pinsent Masons Belfast, ensuring a seamless execution of the agreement.