Business Person of the Month February 2021: Rosheen McGuckian, Chief Executive Officer at NTR plc

Pictured: Rosheen McGuckian, CEO of NTR pls

Rosheen McGuckian is our Business Person of the Month February 2021, in association with KPMG. 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.

Rosheen McGuckian is our Business Person of the Month February 2021. She 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.

In February, NTR acquired a 54 MW portfolio of co-located solar and battery storage projects in Co. Wexford, Ireland from renewable energy developer RES. The portfolio comprises two battery storage projects adding 25 MW of storage capacity to the Irish grid network, along with 29 MW of solar PV.  wo of the solar projects were awarded 16-year CFD tariffs in the inaugural Irish RESS-1 auction and the battery storage projects will apply to provide grid services through the Irish DS3 grid services scheme.  The portfolio of projects will enter operations in 2022.

Manus O‘Donnell, Chief Investment Officer of NTR, said of this: “This mix of solar and battery storage brings much-needed diversity of renewables technology onto the Irish grid, particularly for lower wind days.  Co-location of solar and battery projects can be particularly effective, as they can share grid connections and obtain economies of scale.  In the future, they should be able to take further advantage of storing excess power produced on site and we expect to see more co-location of solar and battery storage throughout Europe.”

The projects were acquired by the NTR Renewable Energy Income Fund II, a wind, solar and energy storage fund that operates across a number of European markets.  Total costs for the projects amount to c. €29 million.

RES will build the battery projects for NTR, having developed and built over 20 battery storage projects across Ireland, UK and the USA.  Once operational, RES will provide asset management and O&M services.

This latest acquisition brings renewable energy assets under management by NTR on behalf of its current two funds to over 600 MW of wind, solar and battery storage projects located throughout Ireland, France, Sweden, Finland and the United Kingdom.

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. She also holds a PhD and MA from Dublin City University, and a BSc from Trinity College Dublin.