Energy investor NTR sells €221m assets

Dublin-based renewable energy investor NTR has sold two of its American company’s wind farm assets for a combined €221m.

The renewables investment company based in Sandyford, Co Dublin, announced yesterday that Wind Capital Group — its US business — had agreed to sell its Post Rock and Lost Creek wind projects to Pattern Energy Group.

The sale, which is subject to regulatory approval, is for a gross consideration of $244m. Proceeds after repayment to a third-party debt will be approximately $195, the company said yesterday.