Company to spend millions on wind turbines - 2006-01-27: "Company to spend millions on wind turbines
Irish renewable energy group Airtricity Holdings Ltd., which bought an Austin company in December, will spend more than $300 million on turbines to accommodate increasing demand for wind energy in the United States, The Irish Times reported Friday.
Airtricity says it will buy 250 turbines from Japan's Mitsubishi Power Systems Inc. over the next year and has an option to purchase another 200 turbines in 2008 from Mitsubishi, according to The Irish Times.
The turbines will be used to supply wind farms in Texas, New Mexico and Colorado as well as other wind farms owned by Renewable Generation Inc., an Austin wind energy company that Airtricity bought last month for about $10 million, according to The Irish Times.
In June, Airtricity said it would invest at least $1.5 billion in the U.S. market over five years, beginning with a $270 million investment in wind farms in Texas, New York and Idaho.
Airtricity's U.S. headquarters is in Chicago. "
