Acquisition

RNS Number : 7221F

John Laing Environmental Assets Grp

22 May 2017

 

22 May 2017

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

 Acquisition of UK onshore wind farm

Further to the acquisition made on 20 April 2017, JLEN is pleased to announce the follow-on acquisition of the Moel Moelogan 1 wind farm for a total cash consideration of £3.0m, including working capital and the repayment of a project finance loan at completion.

The wind farm is located at the same site of the Moel Moelogan 2 wind farm near Llanrwst, Conwy, North Wales and comprises 2 Bonus-1.3 turbines with a total generating capacity of 2.6MW. The project is currently accredited under the Non Fossil Fuel Obligation scheme and has been operational since 2003.

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For Further Details Contact:

John Laing Capital Management Limited David Hardy Chris Tanner	020 7901 3559
Redleaf Communications Charlie Geller	020 7382 4769

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

Further details of the Company can be found on its website www.jlen.com

 

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