Financial Press Releases

NTR Issues Circular + Proposes Redemption Price of €2.25


August 17 2015

Dublin, 17 August, 2015:  NTR plc (“the Group” or “the Company”) today issued a circular to its shareholders proposing the demerger of its European wind business from the other parts of the Group and a share redemption at €2.25 per share (the “Proposals”).  A copy of the circular is available at http://www.altasinvestments.ie/investor-relations/agm 

In order to demerge its European wind business and maximise the amount of the proposed redemption, both shareholder and High Court approval will be required.

NTR plc Publishes its Annual Report for FY2015


July 13 2015

July 13, 2015 - Dublin:  NTR plc has published its Annual Report and Financial Statements for the financial year ended 31 March 2015.  A copy of the report is available at http://www.altasinvestments.ie/Investor-Relations/Financial-Reporting/

NTR Announces Intention To Demerge Its European Wind Business And Provide Liquidity To Shareholders


July 08 2015

Dublin, 8 July, 2015:  NTR plc (the “Group” or the “Company”) announces today its decision to finalise plans for a proposed return of capital and demerger of its European wind business from the other parts of the Group (the “Proposals”).

NTR plc Acquires 15MW Ora More Wind Project


June 30 2015

Dublin - June 30, 2015:  NTR plc (“NTR”), a leading investor and asset manager of renewable energy projects, has announced the acquisition of the 15MW “Ora More” wind project located in County Fermanagh, Northern Ireland.  NTR has acquired the pre-construction project from RES, a leading renewable energy developer.  The project is expected to enter construction in the autumn, creating over 50 construction jobs over the coming year.  Commissioning is targeted for Q4 2016. 

NTR posts profit of €35.7 million for year ended 31 March 2015


June 12 2015

Dublin, 12 June, 2015:  NTR plc (“NTR”), a leading investor and asset manager of renewable energy projects, today announces its financial results for the year ended 31 March 2015.

The Group has recorded a profit of €35.7 million for the financial year 2015, which is an improvement of €4.4 million (13.9%) on the previous year. Profit from continuing operations was €16.0 million and profit from discontinued operations, which includes Wind Capital Group (WCG), US wind assets classified as “assets held for sale” due to their subsequent sale post year end, was €19.8 million. The profit on sale for this transaction will be recorded in the Financial Year 2016 results.

NTR's Wind Capital Group Sells Wind Projects For $244m


April 06 2015

Dublin:  6th April, 2015.  NTR plc, the renewables investment group, today announced that its US wind company, Wind Capital Group LLC, has agreed to sell its Post Rock and Lost Creek wind projects (350MW of operational wind) to Pattern Energy Group Inc. for a gross consideration of US$244m.  Proceeds after repayment of third party debt will be approximately US$195m.  The sale is subject to regulatory approval and certain commercial consents.

NTR plc Reports Interim Results for period ended 30 September 2014 - Group Reports First Half Profit


December 04 2014

Group Records First Half Profit of €5.4 million

Dublin, 4 December 2014: NTR plc (“NTR”), a leading investor and asset manager of renewable energy projects, today announced its financial results for the half year ended 30th September 2014.  The Group’s US based wind assets performed well during the period and NTR recorded a half-year profit of €5.4 million, representing an increase of €3.5 million on the same period last year.  This is the third consecutive profitable reporting period for the Group, reflecting consistent earnings from its US wind assets, coupled with reduced costs.

NTR plc Announces Launch of Sale Process For Wind Capital Group Assets


November 13 2014

Dublin:  13 November 2014.  NTR plc, the renewables investment group, today confirmed that following a strategic review, Marathon Capital LLC has been appointed by its US wind company Wind Capital Group LLC to launch a sale process of its wind projects.  The two projects, Post Rock and Lost Creek based in Kansas and Missouri respectively, comprise 350MW of operating assets with long-term offtake contracts.

NTR Acquires 14 Wind Projects in Northern Ireland


October 06 2014

Acquisition in line with NTR's plans to install 20MW of single turbine projects.

Dublin:  1st October, 2014:  NTR plc, the renewables investment group,  today announced the acquisition of fourteen 250KW single turbine projects in Northern Ireland through the acquisition of KN Energy Ltd.  The portfolio of projects comprises four operational sites and a further ten development projects, most of which are at advanced stages of development.  With the addition of this portfolio to its existing build out programme, NTR expects to construct, commission and operate a minimum of eighteen 250KW projects across the province within the coming twelve months, with more projects under review thereafter. NTR will manage the assets from its Dublin office, outsourcing their maintenance to a strategic partner, based in Omagh, Co.Tyrone.

NTR plc Statement Regarding Shareholder Agreement


September 12 2014

Dublin, September 12, 2014:  The Board of NTR plc notes that three of its principal shareholders, Woodford Capital,  One51 plc and Pageant Holdings Ltd, who collectively own 71.5% of NTR’s issued share capital, have come to an agreement with regards to their holdings in NTR.

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