US solar power project boost for NTR

A SUBSIDIARY of Irish renewable energy group NTR has achieved a major breakthrough in becoming the first company to gain national approval in the US for a full commercial-scale solar power project.

NTR (formerly National Toll Roads) last week announced the further dilution of its previously core infrastructure interests via the sale of a number of road assets here, including Dublin’s East-Link toll bridge – for a combined €50m – as it solidifies its position as a leading player in the international renewable energy and waste management industries.

That transition was further bolstered with the announcement that the Houston-based solar energy specialist, Tessera Solar (in which NTR is the majority shareholder) has been granted nationwide approval from the US government for its Imperial Valley Solar Project.