The energy band structure of a transparent, green, room-temperature ferromagnetic FeBO3 has been calculated using density functional theory within the generalized gradient approximation (GGA) and the GGA+U approach. The electronic structure of FeBO3 is predicted to be antiferromagnetic and insulating, both in perfect agreement with available experiments. The predicted band structure, in particular, the shapes of the valence and conduction band edges, provides great insights into tailoring the optical band gap of FeBO3 nanoparticles: for the particle size close to 3nm, the visible spectral region extends from green up to blue due to quantum confinement.
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