Airtricity, a leading renewable energy company, announced an initial investment in the U.S. of $270 million planned for the development of wind farms in Texas, New York and the Pacific Northwest and total investments in excess of $1.5 billion by 2010 in the North American market.
Airtricity will use the initial investment to install turbines on a wind farm developed in conjunction with RGI, Inc. Located in the Abilene area, it will have an installed capacity of 125MW and will generate sufficient power to supply over 75,000 homes. The turbines will be supplied by the Siemens Wind Power company based in Florida. The other wind farms being constructed in 2006 will use wind turbines supplied by Gamesa. CEO Eddie O’Connor said, “This investment is a significant milestone for Airtricity as it comes at a time when there is limited wind energy capacity in the U.S. but growing recognition of the need to develop long-term renewable sources of energy. Over the next five years, we anticipate that growing demand for wind energy will enable our business in North America to account for nearly 50 percent of overall revenues, which will help us to become the largest private, renewable energy developer in the country.”
Airtricity is an integrated utility – it both generates and supplies green electricity. The company currently supplies renewable electricity to over 40,000 commercial customers in the Republic of Ireland and Northern Ireland and is developing wind farms in the USA, Northern Ireland, Scotland, and England.
Renewable Generation Holdings Inc. is a wind project development company based in Austin, Texas. Founded in 2002, the company is active in Texas and the Southwest and Southeast US. http://www.renewablegeneration.com