Strong interest in NTR assets

NTR has received a number of expressions of interest for its remaining US assets, but doesn’t anticipate a sale to conclude until at least the second quarter of next year.

The Dublin-headquartered renewable energy-focused utility formally put its US wind energy assets up for sale last month, at which time it said that initial bids were expected in the New Year.

Speaking yesterday, on the back of a strong set of first-half results, group chief executive Rosheen McGuckian said that interest has been shown, but any sale before the end of NTR’s current financial year, at the end of March, is “highly unlikely”.