- Published: 02 August 2005 02 August 2005
Airtricity, an Irish company, says it will spend US$ 270 million to build wind farms in West Texas, New York and Idaho. Airtricity has announced that it has agreements with landowners to construct turbines on 23,000 acres (nearly 10,000ha) between Amarillo and Lubbock by the end of 2006. Airtricity plans to build a 125MW wind farm in West Texas. Local officials in eastern Idaho have approved plans for a 100MW wind farm to be built by Airtricity and Ridgeline Energy. In upstate New York, Airtricity is still seeking permission for a 40MW facility. The company raised more than US$ 100 million in private equity last year and plans to borrow 90% of the money needed to buy and install wind turbines, which will be built by a subsidiary of Germany’s Siemens AG and Spain’s Gamesa.