NTR's core business lies in recycling in the US and Ireland, but it has expanded rapidly into wind, solar and ethanol in recent years. The firm lost €285.5m ($382m) in its 2010 fiscal year, compared with a €45.6m loss the previous year.
Tessera offloads Calico as NTR stalls
London Tessera Solar has unexpectedly sold its showpiece Calico project in the Mojave Desert to K Road Power. The sale underscores the financial difficulties of Tessera's Dublin-based parent company, NTR. The deal is a surprising twist for the 663.5MW project, which received final approval from the California Energy Commission only two months ago. It was intended to launch Tessera as a heavy-hitting concentrating solar power (CSP) developer.
6 January 2011 23:00 GMT
Updated
25 November 2012 15:18 GMT
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