Business Person of the Month January 2019: Rosheen McGuckian leads NTR on the acquisition trail in Scandinavia

A portfolio of just over 200MW of operational and pre-construction onshore wind projects in Sweden and Finland has been added by NTR to its NTR Renewable Energy Income Fund II, for which a fundraising first close was recently announced. The portfolio comprises three operational projects totalling 94MW and one advanced stage development cluster totalling 108 MWpotential capacity in southern Sweden. Total capital investment, including the build out of the development cluster, is expected to be in excess of €180 million. NTR acquired the portfolio projects, called Vindin, from a consortium of nine Swedish industrial companies.

This transaction follows two recent announcements by NTR, where just under 55MW of solar and wind projects in the UK and France respectively have been acquired by the company for its NTR Renewable Energy Income Fund II.

Turbines at NTR’s Trillick project in Co Tyrone.

NTR Renewable Energy Income Fund II is NTR’s second sustainable infrastructure fund, which invests in both pre-construction and operational onshore wind and solar projects across a number of European markets, together with energy storage assets that are associated with the wind and solar projects owned by the fund.

Targeting a fundraise of €500 million, NTR recently announced successfully securing first close commitments of €229 million. The first three acquisitions made by. the fund, provide a combined capacity of 57MW of clean energy.  These include two wind farms in France, with the acquisition in December of two wind projects together comprising just under 20MW and with a total capital investment of over €35 million, and a portfolio of nine solar projects in the UK.

Bio

Rosheen McGuckian, CEO, NTR

Rosheen McGuckian was appointed Chief Executive Officer of NTR plc in April 2013.  Since joining NTR in 2008, Rosheen has held a number of leadership positions in NTR including most recently as Group Business Development Director and CEO positions in solar development and waste management platforms within the group.

Prior to joining NTR, Rosheen was CEO of GE Money Ireland, the consumer finance division of General Electric, having joined GE in 2002.  Prior to joining GE, Rosheen led the business transformation initiative for Irish utility ESB Power Generation.

Rosheen is a Director of property fund Green REIT plc and the Strategic Banking Corporation of Ireland.  Rosheen holds a PhD and MA from Dublin City University, and BSc from Trinity College Dublin.