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29 June 2006 -- Airtricity, an international renewable energy company based in Ireland, has secured its largest deal for wind turbines to-date in a deal with GE Energy.

Airtricity will purchase more than 300 GE 1.5 MW turbines, with capacity totalling 500 MW in a deal worth more than $550 million. The investment will support Airtricity's US build programme for 2008 -- turbines for 2006 and 2007 having been previously secured. Airtricity currently has a pipeline of 4,500 MW in development in Texas, New York, Pennsylvania, Colorado, and New Mexico and has an ambitious build programme in place through 2008 and beyond, including advanced plans to develop in the California and Canadian markets.

Welcoming the arrangement with GE, Airtricity Chief Executive Eddie O'Connor said: "This investment represents Airtricity's largest purchase of turbines in the history of the company to date. Bearing in mind the intense competition that exists in acquiring turbines at a time of world shortage, we are delighted to have secured capacity to deliver a further 500 MW of renewable energy for our 2008 build programme in the USA."

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