Renewable energy investment group NTR is to demerge its European wind business into a separate company.

NTR said the European wind business will be demerged from other parts of the group into a new holding company.

The demerged European wind business will continue with its plan to invest €150 million of equity into 175MW of pre-construction wind assets.

All NTR shareholders will initially remain as shareholders in both the existing business and the new holding company pro rata to their existing shareholding in NTR.