Growth Strategy in the United Kingdom: Boralex acquires Sallachy Wind Farm project
10 Ottobre 2024 - 1:00PM
In line with its growth ambitions in the United Kingdom, Boralex
Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce
the acquisition of the yet-to-be-constructed Sallachy Wind Farm
project from German wind developer WKN, a subsidiary of the PNE
Group. Once built, the wind farm will consist of nine wind turbines
with a blade tip height of up to 149.9 metres and a combined
installed generating capacity of up to 50MW. The wind farm will be
situated on the Sallachy Estate in Sutherland, in the Highlands of
Scotland.
Tjiwolt Wierda, Finance Director of
Boralex in the United Kingdom said: “We are delighted to
have achieved this acquisition, adding another exciting project to
our strong onshore wind portfolio in Scotland. This deal marks the
next step towards our ambition to strengthen our UK presence.
In addition to developing wind, solar and battery storage projects
from their inception, we see the acquisition of shovel-ready
projects as complementary to our organic growth.”
Nicolas Wolff, Executive Vice President
and General Manager of Boralex in Europe said: “With a
current installed capacity of nearly 16GW in onshore wind and 30GW
planned by 2030, Boralex is strongly committed to the UK as
high-potential market. Going forward, we will continue to boost the
deployment of development capital and operation capabilities in the
United Kingdom, a key geography in the successful execution of our
2025 strategic plan.”
Sallachy Wind Farm was granted planning
permission by The Highland Council in April 2022. It has a secured
grid connection from 2028 and is expected to operate for 30
years.
Over the last two years, Boralex acquired and
integrated United Kingdom renewable energy business Infinergy,
opened an office in Edinburgh alongside its Wimborne (Dorset) base
and expanded the team from 10 to currently 23 renewable energy
professionals. Furthermore, construction of Boralex's flagship
project in the UK, the 106MW Limekiln Wind Farm, is nearing
completion, with commercial operation expected by the end of 2024.
Since the beginning of the year, we have reached two major new
milestones for the Company in the UK, with the closing of the
financing and the signing of the power purchase agreement (PPA) for
this wind farm.
About Boralex
At Boralex, we have been providing affordable
renewable energy for over 30 years. As a leader in the
Canadian market and France’s largest independent producer of
onshore wind power, we also have facilities in the United States
and development projects in the United Kingdom. Over the past five
years, our installed capacity has more than doubled to over
3 GW. We are developing a portfolio of more than 6,8 GW
in wind, solar projects and storage projects, guided by our values
and our corporate social responsibility (CSR) approach. Through
profitable and sustainable growth, Boralex is actively
participating in the fight against global warming. Thanks to our
fearlessness, our discipline, our expertise and our diversity, we
continue to be an industry leader. Boralex’s shares are listed on
the Toronto Stock Exchange under the ticker symbol BLX.
For more information, visit boralex.com or
sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.
For more information
MEDIA |
INVESTOR RELATIONS |
Camille Laventure Senior Advisor, Public
Affairs and External Communications Boralex
Inc. 438-883-8580 camille.laventure@boralex.com |
Stéphane Milot Vice President, Investor
Relations Boralex
Inc. 514-213-1045 stephane.milot@boralex.com |
MEDIA – United Kingdom |
|
Fiona Milligan Communications and Stakeholder
Management Boralex UK 07825
744712 fiona.milligan@boralex.com |
Marlies Koutstaal Communications
ManagerBoralex UK 07876 341
561 marlies.koutstaal@boralex.com |
Source: Boralex Inc.
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