Funding has been confirmed for the Oweninny windfarm project in north Mayo.
ESB and Bord na Mona have confirmed that the €160 million project will be financed with long-term debt from a consortium of banks, including the European Investment Bank, who are providing 50% of the funding, as well as MUFG Bank, BNP Paribas and AIB.
The 89 megawatt windfarm will supply clean energy to 50,000 homes.
Located between Crossmolina and Bangor Erris, the site was formerly used for peat harvesting by Bord na Mona to fuel the ESB power station at Bellacorrick, which was decommissioned in 2003.
ESB Chief Executive Pat O’Doherty says the Oweninny windfarm will add to the ESB’s existing portfolio of 16 windfarms on the island of Ireland, and will support their strategy to significantly reduce the carbon intensity of the electricity they generate.