NTR plc says its US subsidiary has obtained $60m (€44m) from the sale of the 150MW Osage wind farm project in Oklahoma to developer TradeWind Energy.
NTR will use proceeds
of the transaction to further solidify the group’s cash reserves as it pursues
further wind opportunities.
Capital Group began construction of Osage last autumn and says commercial
operations will start in 2015. It has a long-term commitment for all the future
power from Associated Electric, a Missouri-based electric cooperative.
is based in Lenexa, Kansas, near Kansas City.