Bord na Mona and Coillte join in tourism bid
Published 25/06/2014 | 02:30
TWO of the country's biggest landowners have joined forces to develop wind farms, tourist trails and to explore the prospect of producing green energy crops to power electricity generating stations.
Commercial semi-state companies Coillte and Bord na Mona, which together own more than 525,000 hectares of land across the country, will establish joint venture partnerships to focus on business opportunities, the Government has announced.
As well as sharing certain support services, the companies will focus on three key areas – development of recreation and tourism trails, building wind farms and developing a biomass business.
A company will be established called BioEnergy Ireland which will purchase or produce biomass, or energy crops, which will be used to supply the market on a commercial basis.
"This approach has the potential to capture many of the efficiency gains and policy benefits of a full merger, while avoiding some of the short-term costs and risks associated with that strategy," the Department of Energy said in a statement.