The biggest global gas turbines are to be replaced within the next 20 years.
It will be the largest investment in renewable energy and a big boost to Ireland’s economic recovery.
It is the first of a series of measures announced today to boost energy efficiency and cut carbon emissions from gas turbines.
The Department of Energy and Climate Change said the first phase of the new project will see the installation of 1,000 turbine units.
It will then be built at two new sites in the UK.
These will be able to run on 100 per cent renewable energy.
The project is the latest in a series announced by the Department of Environment and Energy (DeE).
Energy Minister Eamon Gilmore said that by 2030, the world needs to double its energy use from just over 1 billion tonnes to 6.5 billion tonnes.
Energy Minister Mervyn Storey said that the UK was one of the largest users of fossil fuels in the world and this investment would help the UK reduce emissions.
He said the investment would boost the UK’s overall energy use by 2.2 billion tonnes and make it one of Europe’s largest producers of renewable energy, with more than 10 per cent of its energy coming from renewable sources.