John Laing Environmental Assets Grp Acquisition (7221F)
May 22 2017 - 2:00AM
UK Regulatory
TIDMJLEN
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 GBP3.0m, 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.
Ends
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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