Workflow
Boralex adds another 97 MW in its expanding UK portfolio
BLXBanco Latinoamericano de ercio Exterior(BLX) GlobeNewswire·2024-12-23 12:00

Core Viewpoint - Boralex has entered into a joint venture for the development of the 145MW Clashindarroch Wind Farm Extension and a 50MW Battery Energy Storage System, totaling 195MW capacity, which aligns with the UK government's Clean Power Action Plan aimed at decarbonizing the grid by 2030 [9][10]. Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market, as well as France's largest independent producer of onshore wind power [6]. - The company has facilities in the United States and development projects in the United Kingdom, with its installed capacity more than doubling to over 3.1GW in the past five years [6]. - Boralex is developing a portfolio of over 7.2GW in wind, solar, and storage projects, emphasizing its commitment to corporate social responsibility and sustainable growth [6]. Project Details - The Clashindarroch Wind Farm Extension will consist of up to 22 wind turbines, each with an installed capacity of up to 6.6MW, along with a battery storage facility of up to 50MW [5]. - The project is located near Dufftown in Moray, Scotland, and has been in development for several years [9]. Industry Context - The UK government recently announced its Clean Power Action Plan, which aims to unlock £40 billion annually from the private sector for investments in infrastructure and renewable energy [10]. - The plan includes a target to nearly double onshore wind capacity from 14GW to 27GW by 2030 to meet decarbonization goals [10].