Independent Power and Renewable Electricity Producers
Company Overview of NTR plc
NTR plc operates in the renewable energy sector in the United States, Ireland, and the United Kingdom. It invests in and manages renewable energy projects with focus on wind energy. The company operates two onshore wind farms, including Lost Creek located in Missouri and Post Rock located in Kansas. It is also involved in holding investments in toll road operations and treasury operations. The company was founded in 1978 and is based in Dublin, Ireland.
Burton Hall Drive
Founded in 1978
Key Executives for NTR plc
Chief Financial Officer and Executive Director
Managing Director of Solar
Compensation as of Fiscal Year 2014.
NTR plc Key Developments
NTR Mulls Acquisitions; Due Diligence Underway For Ireland Investment
Jul 12 14
NTR plc is looking for acquisitions. Rosheen McGuckian, Chief Executive Officer of NTR plc said, "In addition to the US assets the company now plans to invest in new assets in northern Europe, especially in the UK and Ireland. That will begin within months with a new €400 million investment in a project to build a 150 KW generating wind farm in Ireland. The project will be funded with a mix of project finance and around €150 million of equity, of which one third will come from NTR. The company was in due diligence on a potential investment on the island of Ireland."
NTR Reports Earnings Results for the Fiscal Year 2014
Jul 11 14
NTR reported earnings results for the fiscal year 2014. The company posted its first profit in six years for its full year 2014 mainly due to one-off deals but also because it cut costs and improved cash generation. It recorded a profit of EUR 31.4 million for the financial year 2014, which is an improvement of EUR 47.5 million on the previous year when it made a loss of EUR 16.2 million. Profit before non-recurring, one-off items and foreign exchange impacts was EUR 7.9 million. Core profits or EBITDA grew by 138% year on year from EUR 19.3 million to EUR 45.8 million as a result of a full year of operations of the 201MW Post Rock wind farm and a strong operational performance by both the Group's wind and water treatment assets, together with the removal of EUR 8 million in central overheads. Revenues grew from EUR 35.3 million to EUR 45.6 million in the same period, an increase of 29%.
NTR Appoints Manus O'donnell as Chief Investment Officer
May 14 14
NTR announced the appointment of Manus O'Donnell as Chief Investment Officer. He will have specific responsibilities to fulfil NTR's strategy to invest in wind projects in UK and Ireland. Formerly CEO of Mainstream Capital and Head of Corporate Finance for Mainstream Renewable Energy. He had previously worked in investment and corporate banking in London and Dublin. He is currently a Steering Committee member of the Green IFSC.
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