Former FERC Chairman to Lead Airtricity’s North American Expansion

International renewable energy project developer Airtricity, Inc., announced the appointment of immediate past Chairman of the Federal Energy Regulatory Commission (FERC) Pat Wood, 43, as Chairman of the Company’s North American Advisory Board. Mr. Wood, currently in private energy infrastructure development, will provide strategic policy and market development guidance to Airtricity’s North American operations.

Airtricity said Pat Wood’s leadership at the Public Utility Commission of Texas and then at FERC created energy markets where wind and renewable energy can reach their full economic potential. “His experience in the current Administration and deep knowledge of the energy industry in the United States will be a tremendous asset to Airtricity,” said Eddie O’Connor, Airtricity CEO. “As we recently announced, we are rapidly expanding our operations here, following our announcement last year of our plans to invest $1.5 billion by 2010 in the North American market and subsequent acquisition of Renewable Generation Inc. in December of 2005. We expect to construct 200 MW later this year and another 400 MW in 2007.” This appointment continues Wood’s move into another leadership role for renewable energy. In September, Wood was named an independent director of recently public SunPower Corp. Wood is also the past Chairman of the Public Utility Commission of Texas (1995-2001). “By the end of 2007, we expect that Texas will be the leading state in wind development, as wind construction across the U.S. accelerates,” said Wood. “Airtricity…has demonstrated the potential for wind energy in Europe and, with their recent investments in Texas, have brought that vision to the United States.” Airtricity also announced the appointment of Declan Flanagan, 31, General Manager North America. Mr. Flanagan, who holds BSc, MSc in Environmental Science, joined Airtricity as Regulation and Trading Manager in 2000, and set up Airtricity’s Northern Ireland retail business in 2002.
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