NTR In The News

NTR plc Group features regularly in print, online and broadcast media, both in Europe and North America. We have selected some recent items that highlight what the world is saying about the Group and our businesses.

In The News

NTR Ups Its Wind Capital Stake To 97pc After Green Plains Sale

The Irish Independent : March 03 2012

Irish utilities firm NTR has secured virtually full ownership of US-based Wind Capital Energy as it continues to refocus its investment strategy. The announcement comes immediately after NTR said it had sold nearly its entire holding in Nebraska bioethanol producer Green Plains Renewable Energy for close to $72m (€54m). It's left holding a 2pc stake in the fuel group. Nearly $45m of that will be immediately received by NTR, with the remainder payable by Green Plains within a year. NTR has increased its stake in Wind Capital to 97pc from 62pc.

NTR Increases Share In US Wind Firm

The Irish Times : March 03 2012

Irish Investment firm NTR has increased its shareholding in Wind Capital Group, its US-based wind energy business. Increasing its ownership from 62 per cent to 97 per cent, the company declined to put a figure on the deal. Speaking yesterday, NTR chief executive Michael McNicholas said the increased stake would give NTR greater control over the strategy of the wind company at a time when its operating assets were increasing.

BlackRock Raises Its Alternatives Play

eFinancial News : May 23 2011

At any other fund manager Matthew Botein would be one very big fish in a very big pond. As head of BlackRock Alternative Investors, with $115bn under management, he is among the most powerful executives at the world’s largest fund manager. Humbly, he describes himself as a goldfish – although he doesn’t argue with the size of the pond.

San Antonio Recycling Growth Story Presented to UN

Waste Management World : March 08 2011

U.S. based recycling company, Greenstar Recycling has been discussing the role it played in helping San Antonio, Texas create a pathway to zero waste at the United Nations Headquarters in New York.

Greenstar has been working with San Antonio - the United States' seventh largest city - to help increase recycling volume by 300% in the past five years.

The company has built build of the country's largest, and most automated recycling facilities in the city, and claims to have helped create a sustainable program where discarded materials are viewed as resources instead of waste.

NTR Joins BlackRock In Energy Venture

The Irish Times : March 01 2011

The Chief executive of renewable energy and waste management group NTR, Jim Barry, is to step down and become chief investment officer of a new joint venture with international fund manager BlackRock. The venture will focus on investments in renewable assets. Mr Barry will be replaced as chief executive by Michael McNicholas, who is currently NTR’s chief operating officer.

NTR Seals Deal With Global Powerhouse BlackRock

The Irish Independent : March 01 2011

World's largest asset manager will use 'deep experience' of Irish firm to identify alternative energy investments

NTR PLC, the renewable energy and toll road operator, has signed a radical new deal with BlackRock, the world's largest asset manager, to identify new investments in the alternative energy sector. The new venture will be headquartered in Ireland and is expected to trawl markets in various locations for renewable deals.

NTR And NY Giant In Investment Venture

The Irish Examiner : March 01 2011

Renewable energy company NTR is to form a new investment vehicle with New York-based giant, BlackRock. The new business, which will utilise both companies’ names, will be headquartered in Dublin (with additional offices planned for London and New York) and will target investment opportunities in the renewable energy sector; an area largely untouched by BlackRock.

BlackRock Names NTR’s Barry to Set Up Renewable Power Unit

Bloomberg : February 28 2011

BlackRock Inc., the world’s biggest money manager, named NTR Plc’s Jim Barry head of a newly created renewable-power unit as it expands its $110 billion alternative investments division.
Barry, the chief executive officer of Dublin-based NTR, has been appointed chief investment officer of the unit and will bring about 10 NTR professionals with him to BlackRock. He will report to Matt Botein, the head of New York-based BlackRock’s alternatives division, which manages hedge funds, real estate funds and private-equity strategies, the executives said in an interview.

NTR Sells Off Second US Solar Asset

The Irish Examiner : February 18 2011

The Dublin-headquartered renewable energy group yesterday announced — via its US solar business, Tessera Solar — the disposal of its 709 megawatt Imperial Valley Solar Project to a joint venture between US firms AES Corporation and Riverstone Holdings. Only a few weeks ago, Tessera Solar sold its 750-megawatt Calico project, also based in southern California, to San Diego-based company K Road Power Holdings. No further transaction details, including the value of the deal, were disclosed by NTR, for what it called "commercial reasons", but group chief executive Jim Barry said that NTR’s board is confident the value created in this project "will be enhanced for NTR shareholders over time".

US BioFuels Industry Consolidating And Ready For New Growth

Associated Content from Yahoo! : February 17 2011

GPRE (NASDAQ) Emerging as the Leading Ethanol Growth Stock!

The United States ethanol production industry suffered mightily during the Great Recession. Even before the Crash of 2008, the mortgage crisis, and the ensuing Great Recession, ethanol producers had serious problems of their own. The price of corn and other ethanol inputs had risen above the value of the ethanol product, putting many companies into a position of being 'upside down', losing money on every gallon of production. Those industry problems, coupled with the Crash, Recession, and the fears of investors hit the industry heavily, sending many producers into Chapter 11 Re-Organization.

 

A small number of shrewd consolidators took advantage of the situation, purchasing production assets at attractive prices and putting together new, larger production companies that are now more competitive than the smaller, stand-alone plants of the pre-Crash days. These consolidators are now benefitting from economies of scale, lower financing costs, and new technologies that increase the profitability of ethanol production. On top of that, federal incentives are now kicking in, which further strengthens the future outlook for the industry.

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