Renewable energy developer Boralex has acquired two onshore wind projects in the UK, strengthening its development pipeline and supporting the expansion of renewable power generation across Wales and Scotland.
The projects, Upper Ogmore Wind Farm in South Wales and the Tom na Clach Extension in the Scottish Highlands, have a combined capacity of more than 58MW and are expected to become operational towards the end of the decade.
The Upper Ogmore Wind Farm, located near Blaengarw and Nant-y-Moel in South Wales, is a seven-turbine development with a capacity of around 25MW. Consented by the Welsh Government in 2022, the project was originally developed by RES and later acquired by Marubeni. Once operational, it is expected to generate enough renewable electricity to power approximately 16,500 homes.
Boralex will now progress development, which secured a 20 year Contract for Difference in AR7, which provides long-term revenue visibility.
The company has also acquired a 75% majority share in the Tom na Clach Extension, a 34MW ready-to-build project located north-east of Tomatin in the Scottish Highlands. The project, consented in May 2024, will comprise seven turbines and extend the existing Tom na Clach Wind Farm, which is already operational in the area. The extension was developed by Infinergy, with Colin Cawdor retaining a minority stake in the project.
Construction of the projects is expected to support local economic activity and provide long-term community benefit funding in surrounding areas. Upper Ogmore is anticipated to bring significant investment during construction and the early years of operation, while the extension at Tom na Clach will build on the established presence of wind generation in the Strathdearn area.
The Upper Ogmore project is expected to connect to the grid later in the decade, with grid connection planned for 2029, while the Tom na Clach Extension is targeting commercial operation around 2030, subject to final development milestones.
Together, the acquisitions support Boralex’s strategy to expand its renewable energy footprint in the UK and help deliver the clean power capacity needed to meet national decarbonisation goals.
Caution Regarding Forward-Looking Statements
Some of the statements contained in this press release are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realisation of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialisation of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.
About Boralex
At Boralex, we have been delivering renewable energy solutions 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 the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.