Airtricity signs deal with Spanish firm

Wind energy company Airtricity has signed an agreement with EHN, a Spanish company which is the fourth-largest wind energy group in the world.

Under the terms of the agreement EHN has acquired a 50% interest in the development company responsible for phases 1 and 2 of the offshore wind park on the Arklow Bank.

The agreement also gives Airtricity the option to acquire an equivalent interest in EHN's planned offshore project in southern Spain.

The deal has been approved by the Minister for Communications, Marine and Natural Resources.