Limekiln Wind Farm: Boralex achieves major milestone, closes its first project financing in the UK
EDINBURGH, United Kingdom, May 16, 2024 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the long-term financing of its largest project in Europe, the 106MW Limekiln Wind Farm, based in the United Kingdom.
- EDINBURGH, United Kingdom, May 16, 2024 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the long-term financing of its largest project in Europe, the 106MW Limekiln Wind Farm, based in the United Kingdom.
- The financing has been secured from National Westminster Bank PLC (NatWest) and Export Development Canada (EDC), for an aggregate amount of up to £130M ($222M CAD).
- NatWest will also act as facility agent, security agent, hedge counterparty and account bank.
- Lastly, the wind farm will provide sufficient electricity to meet the needs of around 100,000 British homes based on the average generation mix of UK power sources.