Airtricity sells stake for €15.9m

AIRTRICITY has sold just under half of its stake in a Scottish windfarm for a total of £10.5 million (€15.9 million).

Airtricity sells stake for €15.9m
Sat, 21 Feb, 2004 - 00:00
Ian Guider

Airtricity sold 49% of the 24 megawatt Ardrossan windfarm to Viridis Clean Energy Group, an Australian Investment Fund.

The Irish firm will retain a 51% stake in the venture and will maintain operational control of the site.

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CourtsPlace: ScotlandPlace: BritainPlace: ArklowPerson: Eddie O'ConnorPerson: O'ConnorOrganisation: AirtricityOrganisation: ArdrossanOrganisation: Viridis Clean Energy GroupOrganisation: Australian Investment FundOrganisation: PowergenOrganisation: British Government
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