Energy utility puts US wind assets up for sale
The Dublin-based renewable energy-focused utility has shifted its focus to Europe and intends to invest approximately €50m in 150 megawatts worth of construction-ready windfarm projects across Ireland, Scandinavia, and Britain over the next 12 months. While this plan was criticised by shareholders at the group’s AGM in September, so too was the retaining of remaining US assets.
However, at that time, NTR did say it was reviewing the prospect of selling up in the US and would decide on a course of action by the end of the year. Earlier this year, NTR reached agreement to sell its Oklahoma-based Osage windfarm project for $60m (€44m), some of which is still pending.
