NTR set to announce solar energy partnership

NTR, the renewable energy and waste management group, is set to announce details of at least one new joint venture agreement, regarding its expansion into the southern European solar energy market, before the end of this year.

At the group’s recent full-year results announcement, management said that it was hopeful of entering the solar market in the Mediterranean region within the next two years, adding that strong interest had been shown regarding partnership deals from a number of players, particularly in Spain and Portugal.

Yesterday, Ian Simington, chief executive of NTR’s solar division, said that a strategic partner could be in place by the end of 2009, with an actual project up and running sometime in 2011.