It's all about the cash for NTR, which sold its Irish road assets for €50m and agreed to sell the UK arm of its Greenstar business for £135m earlier this year. The company is still investing heavily in renewable energy, particularly solar, but has been affected by the funding climate in the US, meaning its SunCatcher technology, in which it has a controlling interest, has been delayed. NTR needs a partner for the company though, and this search has been "affected by prevailing capital market uncertainties".

The business is being restructured to take account of the longer time frame necessary for the technology's commercialisation. In addition, on the wind side, there is a lack of power purchase agreements in the market which has delayed the rollout of projects, in turn deferring the need for major capital fundraising.

Elsewhere, business remains a challenge, particularly in recycling, and investors will be looking for more details of how the downturn has affected that business since year end.

NTR's AGM will be held on 8 December