Limekiln Wind Farm (Source: Boralex)
Boralex Inc. secured long-term financing for its largest project in Europe, the 106 megawatt (MW) Limekiln Wind Farm, the company said on May 16.
Based in the U.K. near Scotland, the Limekiln Wind Farm will consist of 24 Vestas V136-4.5 MW wind turbines. The farm will provide sufficient electricity to meet the needs of around 100,000 British homes based on the average generation mix of U.K. power sources. The project is expected to be commissioned by the end of 2024.
The financing was secured from National Westminster Bank PLC (NatWest) and Export Development Canada (EDC), for an aggregate amount of up to $165 million. NatWest and EDC will act as co-mandated lead arrangers and co-lenders, with NatWest also serving as facility agent, security agent, hedge counterparty and account bank.
Elgar Middleton Infrastructure & Energy Finance LLP acted as financial advisers to Boralex.
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