NTR sells off second US solar asset

NTR has sold a second solar energy asset in California in almost as many weeks, as part of a continued bid to strengthen its cash reserves.

The Dublin-headquartered renewable energy group yesterday announced — via its US solar business, Tessera Solar — the disposal of its 709 megawatt Imperial Valley Solar Project to a joint venture between US firms AES Corporation and Riverstone Holdings.

Only a few weeks ago, Tessera Solar sold its 750-megawatt Calico project, also based in southern California, to San Diego-based company K Road Power Holdings.