Airtricity restarts wind development in home market

13 January 2006 - Irish renewable energy company Airtricity said this week it had raised €130m ($156m) to fund wind farm development in Ireland and overseas. It said it would recommence building wind farms in Ireland for the first time in two years. Airtricity will double its existing generation capacity through the development of sites at locations in Limerick, Cavan and Wexford.

Since ESB National Grid called for a moratorium on wind farm development in December 2003, Airtricity had concentrated on international expansion. As part of this expansion, Airtricity recently appointed Brian Wilson, former UK Energy Minister as Chairman of the company's UK operations group. The UK Operations Group will spearhead the development of Airtricity as a leading UK development company with plans to build one of the largest onshore wind farms in Europe, at Ayrshire in Scotland and a giant 500 MW offshore facility off the south east coast of England. Airtricity is also developing strongly in the United States and last month in support of that growth, acquired a Texas based company- Renewable Generation Inc.

Airtricity is planning to build four new wind farms across Ireland with a total capacity of 110 MW. The farms will be located at Richfield, Co Wexford, Tournafulla, Co Limerick, Bindoo, Co Cavan and Knockastanna, Co Limerick.

Dr Eddie O'Connor, Chief Executive, Airtricity said; "At a time when energy supply, shortages and increasing costs are dominating headlines both at home and abroad, this is a timely boost for our customer base in Ireland. For the last number of years we have stressed the importance of developing our own indigenous energy supply and today's announcement will almost double the capacity that Airtricity will be feeding into the National Grid."

"While we welcome the new support system for renewables we are disappointed that it does not include off shore projects and therefore excludes the Arklow Bank project which would have made a considerable input in enabling Ireland to meet its Kyoto target. Not withstanding that, given our expertise in development and the fact that we have secured turbines at a time of world shortage, we are also pleased to be in a position to help other local developers through Joint Ventures to build out their wind farms."

"It is more obvious now that we cannot be held hostage to fortune and rely on imported energy and fuel sources to power our expanding economy. The wind conditions here are the best in Europe and we must maximise its potential for the benefit for all. As ever, Airtricity is delighted to be the lead developer on behalf of the Irish people he concluded."


Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Current Magazine Issue

08/01/2013
Volume 117, Issue 8
1308PE_C1_digital

Buyers Guide Company Listings

Siemens Wind Power A/S

Offers on and offshore wind turbines with 2.3 and 3.6 MW generator capacities.

Vestas Wind Systems A/S

Wind: It means the world to us. We are relentlessly committed to the success of wind, providing everything our partners need to succeed in their wind power ambitions.

Power Industry Wire News

The Surfrider Foundation Celebrates California's Plastic Bag Ban

The Surfrider Foundation Celebrates California's Plastic Bag Ban

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial Info News Alert

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>