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Airtricity buys into Italian developer Entropya
1 August 2008
Airtricity, the renewable energy development arm of Scottish and Southern Energy, has entered into a joint venture agreement with Italian wind farm developer Entropya. Airtricity will own a 60% stake in the firm, which is being set up to develop wind farm sites in the southern Italian regions of Puglia, Basilicata, Calabria and Sicily, while Entropya will own the remaining 40%. The two partners say their joint venture has a development pipeline in excess of 2000 MW at various stages in the authorisation process. Financial details of the accord were not released.
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