Airtricity to raise €500m for expansion

Wind power company Airtricity is preparing to raise €500 million in fresh capital through a fundraising which could be completed by the summer.

17th March, 2007

Wind power company Airtricity is preparing to raise €500 million in fresh capital through a fundraising which could be completed by the summer.

The company wants to use the money to fund its growing international portfolio of projects and is likely to meet its target of between €400 million and €500 million in fresh capital without difficulty, according to market sources.

When complete, Airtricity will have raised just over €1 billion in the last five...

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