John Laing Environmental Assets Grp Acquisition (7221F)

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

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May 22, 2017 02:00 ET (06:00 GMT)