Airtricity to target 15pc of Irish market


Energy company Airtricity is aiming to capture 15pc of the Irish power market through a major widening of its product offer.

The company, which made its name with wind power, plans to sell both gas and electricity direct to both commercial and domestic customers in Ireland. The company stated that it hoped to have 500,000 connections within five years.

Airtricity was bought for €1.1bn euro earlier this year by UK energy giant Scottish and Southern Energy (Click Here). The UK owners now plan to use Airtricity as a vehicle through which to build a broad based energy supply business in Ireland.

Airtricity plans to have its first commercial gas customers in November this year and to start selling to domestic users in April of next year.

Company MD Kevin Greenhorn said that this was a good time to enter the Irish market, given the changed regulatory environment here.