Green Investment Bank and KKR have committed $123.4 million to Blue Energy’s Scotland-based Blackcraig wind farm via a lending program managed by Temporis Capital.

The 52.9MW project will consist of 23 Siemens turbines and is expected to produce enough renewable electricity to power 37,500 homes annually.

Construction of the wind farm will begin January 2016, with completion expected by the end of March 2017.