Boralex announces that a Contract for Difference (CfD) has been obtained for its Limekiln wind farm in Scotland. The UK Department for Energy Security and Net Zero has granted a 15-year CfD amounting to £52.29/MWh at 2012 prices (equivalent to £72.35/MWh at July 2023 prices) to this 108 MW wind project located near Thurso, in the north of Scotland.

Esbjörn Wilmar, UK Country Manager at Boralex, said: “We are very pleased to have secured a strong CfD for Limekiln. This strike price ensures us a stable income and makes it easier to obtain project financing. The preparatory work has already been completed, and the turbine supply agreement with Vestas was signed last year. In addition to obtaining the CfD, construction of the substation and connection to the grid on site is underway – the project is progressing well. »

Nicolas Wolff, Executive Vice President and Managing Director, Europe, said: “To keep costs low, renewable energy companies need a stable policy framework to build confidence, reduce investment costs and ensure an affordable, clean and secure energy supply. The CfD announced today meets these objectives, and we look forward to seeing the project come to fruition. »

Contracts for difference were introduced in the UK in 2014 as a market support mechanism for low-carbon energy projects. They were designed to encourage the development of large-scale renewable energy infrastructure at the lowest cost to the consumer while limiting market volatility.

The Limekiln wind farm has 24 Vestas V136-4.5 MW wind turbines measuring 150 metres at the blade’s tip. The project is expected to be fully operational by 2025. For more information, please visit www.limekilnwindfarm.co.uk .

The Limekiln wind farm is Boralex’s flagship project in the United Kingdom. It represents the first step for the Company in realising its ambition to increase its portfolio of ready-to-build and operational renewable energy assets in the Kingdom to 1 GW. -United by 2030.

Source: https://www.boralex.com/
Image source: Courtesy of Boralex

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