NTR shifts focus from ethanol to green energy

NTR has sold its holding in American-based ethanol company, Green Plains Renewable Energy and increased its holding in Wind Capital Group, its US-based wind energy company.

NTR chief executive Michael McNicholas described the sale of the ethanol holding and the reinvestment into wind power as a “re-balancing of the company”.

NTR is increasing its stake in Wind Capital Group from 62% to 97%, while reducing its holding in GPRE’s common stock from 23% to approximately 2%. NTR will raise €54.5m from the sale of GPRE shares.