Company News

NTR loss drops to €16.2m as it focuses on wind energy

Renewable energy

Investor and asset manager of renewable projects NTR has reported a significantly lower loss of €16.2m for the year ended 31 March 2013, down from €88.8m the previous year. It said it had delivered the key components of its three-year strategic plan a year ahead of schedule by building cash reserves and consolidating the group into a “slimmer, renewable investment and asset management group, with a particular focus on wind energy”. The group’s total assets stand at €775m, further to it selling Greenstar Recycling for $180m as well as wind and solar assets and its remaining shareholding in ethanol producer Green Plains Renewable Energy. NTR expects to invest in wind…

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