NTR plc, an international developer and operator in renewable energy and sustainable waste management, has made an investment of $150 million in wind energy developer Wind Capital Group (WCG). NTR also signed an agreement for the supply of 150 MW of GE wind turbines on behalf of WCG for delivery in 2010.
‘In re-entering the wind energy business in the U.S., NTR is delighted to partner with WCG [given] their unique business model focusing on local partnerships in rural communities,’ says Jim Barry, CEO of NTR. ‘Their rapid growth and early success is a testament to the strength of their business model. NTR is excited to be involved at this early stage in taking the business forward to the next level.’