NTR plc Confirms Completion Of US Wind-Energy Transaction
June 17 2008
NTR plc (NTR), a leading international developer and operator in renewable energy and sustainable waste management, today (17th June 2008) confirmed, that the recently announced transaction involving Wind Capital Group, a Saint Louis, Missouri developer of wind farms, has been completed. The agreement involves an investment of $150 million by NTR in Wind Capital Group.
Wind Capital Group is currently developing wind farm projects in eight states across the central United States, with a development pipeline of over 2,000 MW, of which the first will be coming on stream by early 2010. On-shore wind is the most cost efficient of all renewable energy sources and is the most scalable, given its resource availability and proven technology. The investment by NTR will provide Wind Capital Group with the ability to become a national player in the U.S. wind energy market.
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Note to Editors
About NTR plc
NTR’s strategy is to be “a Leading International Developer and Operator in Renewable Energy and Sustainable Waste Management”. Consistent with this strategy, NTR is currently engaged in a significant phase of development in renewable energy through its investments in wind energy (Wind Capital Group), solar energy (Stirling Energy Systems), bio-ethanol production (Green Plains Renewable Energy), and in sustainable waste management in North America, the United Kingdom and Ireland (Greenstar). This follows the successful completion of the sale of its interests in the West-Link toll facility and Airtricity Holdings Limited which delivered substantial investment returns for the Company and its shareholders. NTR plc is an unlisted public company and its shares are traded on a “grey market” operated by the company’s brokers. NTR has operations in Ireland, the UK and the US.
About Wind Capital Group
Wind Capital Group was formed in 2004 to satisfy the growing need for renewable energy. The Company maintains corporate headquarters in Saint Louis, Missouri and regional offices in Madison, Wisconsin. Wind Capital Group was established in 2004 by Tom Carnahan, who noticed a growing need for renewable energy in his home state of Missouri. In a very short period of time and with the assistance of its partners John Deere and the Missouri Rural Electric Cooperatives, Wind Capital Group developed Missouri’s first wind farm at Bluegrass Ridge in Gentry County. Wind Capital Group is uniquely situated in the Midwest and is poised for rapid growth in the global wind energy industry.