NTR-owned Green Plains Renewable Energy records profits surge

Ethanol producer Green Plains Renewable Energy, which is owned by renewable energy group NTR, saw a net income of $8.7m(€6.6m) the second quarter of 2010, up from $600,000 (€459,000) in the same period last year.

"We produced solid results in the second quarter because of our focus on managing margins and maintaining a low-cost operating platform," said Todd Becker, president and CEO.

Founded in 1978, NTR has evolved from being a developer and operator of infrastructure in Ireland to an international developer and operator of renewable energy (wind, solar and ethanol) and sustainable waste management businesses in the USA, UK, and Ireland.

The group employs more than 4,100 people.