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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| John Laing Group Plc | LSE:JLG | London | Ordinary Share | GB00BVC3CB83 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 402.60 | 402.60 | 402.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMJLG
RNS Number : 2062S
John Laing Group plc
29 September 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
John Laing makes further renewable energy investment in US and increases 2017 investment guidance
John Laing Group plc, the international originator, active investor and manager of infrastructure projects, is pleased to announce today a further wind farm investment in the state of Texas and its third investment in the renewable energy sector in the US.
John Laing is investing $85 million (GBP63 million) by acquiring from Akuo Energy the majority of the equity interests in the partnership which controls the 149MW Rocksprings wind farm project. The wind farm is located in Val Verde County, Texas and benefits from power purchase agreements with two investment grade corporate off-takers.
As announced in John Laing's interim results on 24 August 2017, investment commitments for 2017 to date are GBP159 million. Taking into account the Rocksprings investment, commitments will increase to GBP222 million, exceeding the guidance of approximately GBP200 million for the full year.
Looking ahead to the remainder of 2017, as previously announced John Laing's consortium was appointed preferred bidder in July 2017 for the Melbourne Metro PPP project. Assuming this project reaches financial close in late 2017 as currently anticipated, the Group's investment commitments for 2017 will increase accordingly. A further update will be given nearer the time.
Olivier Brousse, John Laing's Chief Executive Officer, said:
"It has been an active year so far for investments and we are pleased to have already delivered our guidance of GBP200m of investment commitments in 2017. We continue to have a strong pipeline of attractive investment opportunities with our consortium appointed as preferred bidder for the Melbourne Metro project which we anticipate will close in late 2017."
Further information Analyst/investor enquiries Olivier Brousse, Chief Executive +44 20 7901 3200 Patrick O'D Bourke, Group Finance Director +44 20 7901 3200 Media Enquiries: James Isola, Maitland +44 20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLMATMBATMLR
(END) Dow Jones Newswires
September 29, 2017 02:02 ET (06:02 GMT)
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