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
Wind Capital Group Secures $240M In Construction, Term Loans
Dow Jones Clean Technology Insight : October 27 2009
Wind Capital Group, a subsidiary of NTR PLC, said Monday it secured $240 million in project debt financing to support its 150-megawatt project in Missouri. Lead arrangers for the financing were Nord/LB, Bayern LB, Rabobank Group, Banco Santander and Union Bank.
Wind Capital Group Secures USD 240M For 150MW Missouri Wind Project
New Energy Finance : October 27 2009
Wind Capital Group, the US subsidiary of Irish infrastructure and renewable energy investor NTR, has closed on USD 240m in debt financing for its 150MW Lost Creek wind farm in Jefferson City, Missouri. Nord/LB, Bayern LB, Rabobank, Santander, and Union Bank of California were lead arrangers for the financing. The debt facilities consist of a combination of construction and term loans, NTR said in a written statement.
NTR Unit Gains $240m Financing For Lost Creek Wind Project
Irish Independent : October 27 2009
Wind Capital Group, the wind energy arm of infrastructure specialist NTR, has secured $240m (€160m) in project debt financing for its 150MW Lost Creek wind farm in Missouri, the company said yesterday. With only 20 wind project finance transactions completed in the US so far this year, and project finance down 50pc on last year, the group claimed the successful completion of the deal signifies the quality of the Lost Creek wind farm project.
Greenstar Expands With Veolia Buy
RTE Business : October 21 2009
Waste management company Greenstar is to buy Veolia Environmental Services’ Irish commercial waste and recycling businesses. The move is part of a move by Veolia’s parent company Veolia Environment to sell off some of its assets, though it will hold on to its Irish hazardous waste management business. The deal is subject to approval by the Competition Authority.
The Name Is Not Illuminating
Energy Central - energyblogs.com : October 02 2009
NTR plc is an Irish holding company with a name that offers no clue to where its recent and future interests lie. But it’s determined to make its presence in the U.S. renewable energy markets known. “We’re an infrastructure company that’s been around for 30 years and after our first 20, all we had to show for it were two toll roads,” says CEO Jim Barry. I caught up to him as he was departing Brussels, where he is part of a European Union working group on sustainability.
Stirling Energy Sets for 2010 Mass Production, $2.2B Solar Thermal Project
Greentech Media - Solar : October 02 2009
One year after receiving a life-sustaining investment from investment firm NTR, Stirling Energy Systems (SES) is on track to start mass producing equipment for its solar thermal power equipment in the second half of 2010, said an NTR executive. The production schedule would enable SES to supply parts for a 750-megawatt power plant in California’s Imperial Valley that is estimated to cost $2.2 billion to build, said Michael Walsh, the finance director for NTR, during an interview in San Francisco this week.
Phoenix Weighs Developers For Utility-Scale Solar Project
Platts Electric Power Daily : September 28 2009
Tessera Solar is the top candidate to build a utility-scale solar facility on a city-owned landfill outside Phoenix, Arizona. To boost renewable generation in Phoenix and create additional revenue, Phoenix in May issued a solicitation seeking a 150-MW to 200-MW solar facility using dry-cooled technology. In response, Houston-based Tessera proposed building a 175-MW solar concentrating plant. Johnson Controls proposed a plant using concentrating photovoltaic technology. BrightSource Energy also offered a proposal.
Tessera Solar confident in 200-MW Colo. project
Platts Electric Power Daily : September 14 2009
In a state so far largely ignored by utility-scale solar developers, Tessera Solar is developing a 200-MW solar plant near Saguache, Colorado. Tessera, based in Houston, has offered to sell power from the project to Xcel Energy, which earlier this year issued requests for proposals for roughly 1,000 MW of renewable energy to serve its Colorado customers. The Colorado Public Utilities Commission is expected to vote on the RFP results in November, which will clear the way for the utility to enter into final contract negotiations with developers like Tessera.
Further Consolidation Expected In Waste Sector, Says Chief Executive
The Irish Times : September 11 2009
Utility company NTR announced at its agm yesterday that its Irish waste management business Greenstar has succeeded in refinancing a €120 million debt facility. A consortium of seven Irish and international banks will provide the facility, which matures in September 2012.
Green Plains Sees Stronger Ethanol Sector
Reuters : September 10 2009
The shakeout in the U.S. ethanol industry in the past year has helped draw stronger players to the business and made producers better able to cope with soft margins, Green Plains Renewable Energy Inc’s chief executive said on Thursday.