NTR firm signs solar project deal

NTR’s transformation into a green energy company took a major step forward yesterday when its solar project development company, Tessera Solar North America, announced a 20-year power purchase agreement with CPS Energy to develop a 27 megawatt solar project in Texas.

NTR’s share price has surged this month by 20% pushing the market capitalisation of the company to €597.3 million.

Two US-based greenenergy companies controlled by NTR are central to this latest development. Tessera Solar North America will use the SunCatcher power system manufactured by sister company, Stirling Energy Systems (SES), to power the development