MORE than a third of dairy farmers are planning to invest in renewable energy projects, according to Barclays.

Of that 37 per cent, the majority plan to carry out those projects in the next year.

Wind energy is most popular, with 59 per cent planning to invest in the technology, and 55 per cent planning to invest in solar power and three per cent in biomass projects. Saving money on energy costs is cited as the main reason.