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The Midland’s Region is set to receive an economic boost following the announcement that Bord na Móna is to develop Ireland’s first dedicated renewable energy business park on 3,000 hectares of its landbank in Westmeath and immediate surrounding counties.

Bord na Móna bucked the trend of loss-making businesses when it announced its annual results this week, showing operating profits of €23 million compared to €23.8 million for 2009. The company, which employs some 2,000 staff nationwide and which closed its peat burning plant in Bellacorick in favour of wind energy development in recent years has now highlighted the development in Belmullet of the biggest onshore windfarm in Ireland as one of the highlights of its ongoing expansion plans.