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Boralex secures £130m financing for 106MW Limekiln

RICHARD HEAP

May 16, 2024

Canadian developer Boralex has secured £130m financing from Natwest Bank and Export Development Canada for the 106MW Limekiln wind farm in Caithness, Scotland.

The Limekiln project is set to be made up of 24 Vestas turbines and secured support under the UK government’s Contracts for Difference regime in September 2023. It is due to be commissioned by the end of 2024.

Bruno Guilmette, executive vice president and chief financial officer at Boralex, said Limekiln was the company’s flagship project in the UL: “This first project financing for Boralex in the UK is an important step in our development in this promising market, which remains key to achieving the growth and diversification objectives of our 2025 Strategic Plan,” he said.