Bord na Móna raising €1.6bn for climate action projects

Bord Na Mona's Oweninny Wind Farm. The semi-State company plans to generate enough renewable energy to supply nearly a third of all Irish homes by 2030.

Bord na Móna said it plans to raise €1.6bn in order to fund a series climate action projects across its 200,000-acre landholding.

The semi-State company is shifting from its peat-based energy-generation towards renewable sources. It has six projects in planning and construction phase with another six to follow before 2030. The company is currently generating 10% of Irish renewable electricity and is aiming to achieve a 300% increase in its renewable energy output in this decade.