A total of €30m will be invested to secure 15 turbines generating 2.4MW each for the project, which will be supplied by Nordex.

Electricity generated by the facility, which is currently in the planning phase, will be fed in to the Irish electric grid.

Element Power chief development officer Kevin O’Donovan was quoted by Irish Time as saying the Irish government’s decision to support green energy developments has led the company to go-ahead with the wind project.

The turbines to be installed at the site in 12 months are designed to operate at lower wind speeds.

"In that respect, they are new technology," O’Donovan said.

Element Power had earlier stated that it intends to invest €8bn to build 40 new wind farms in midland counties of Ireland, following a deal with British national grid company National Grid Transmission.

Pursuant to the deal, the energy output from the facilities will be transmitted to Britain through underwater cables.

The company is currently identifying sites for the project.

Element Power will export 3,000MW of electricity to Britain, pursuant to the deal with the British national grid, which is worth €1.2bn per year.