Irish commercial forestry company Coillte and electricity company Electricity Supply Board (ESB) are holding discussions that might lead to a 1 billion euros ($1.1 billion) commitment to wind farms.
The wind farms could generate enough electricity to power over 500,000 homes. Coillte and ESB intend to set up a joint venture that could develop renewable energy plants with the ability to generate 1,000 megawatts of electricity by 2030.
Coillte has started work on 12 sites that the company identified as having the best wind speeds and were located suitable distances away from their local communities.
Ultimately the joint venture could construct 20 to 30 such generating plants.