Wind Watch is a registered educational charity, founded in 2005. |
Ireland's Airtricity gets funds for U.S. wind farm
Translate: FROM English | TO English
Translate: FROM English | TO English
Irish renewable energy company Airtricity said on Tuesday it had secured $85 million in equity funding to help develop its Sand Bluff wind farm project near Big Spring, Texas.
“We are pleased to have entered into this equity financing with investors led by JPMorgan Capital Corporation,” Airtricity Chief Executive Eddie O’Connor said in a statement.
Airtricity said its 90 megawatt Sand Bluff wind farm, which is under construction, was expected to start commercial operation during the second quarter of 2007.
The deal is the latest in a series of agreements to secure funding for a number of wind farms planned by privately owned Airtricity, in the United States, Ireland and the UK.
Other investors in the company include Irish infrastructure and utility firm NTR Plc and UK investment and advisory group Ecofin.
Airtricity, which in June announced a $550 million deal to buy over 300 GE (GE.N: Quote, Profile, Research) wind turbines, said in July it was looking to raise 60 million euros ($76 million) in new equity on top of 250 million euros ($317 million) secured the month before.
© Reuters 2006. All Rights Reserved.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
Wind Watch relies entirely on User Funding |
(via Stripe) |
(via Paypal) |
Share: