John Laing Environmental Assets Grp Acquisition (8413X)
11 Mai 2016 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 8413X
John Laing Environmental Assets Grp
11 May 2016
11 May 2016
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Acquisition of Parc Éolien Le Placis Vert wind farm
JLEN is pleased to announce that it has entered into an
agreement with Energiequelle GmbH ("Energiequelle") to acquire 100%
of the Parc Éolien Le Placis Vert wind farm. The consideration for
the acquisition, which is expected to complete over the coming
weeks (subject to the customary consents), is approximately EUR2.5
million.
The project is located in the municipality of Saint-Gouéno in
the Côtes-d'Armor region of Brittany in northwestern France, and
comprises five Enercon E-53 turbines with a total generating
capacity of 4MW. The project benefits from a 15-year Feed-in-Tariff
regime at a fixed rate adjusted annually for inflation. The site
has been fully operational since January 2016, and Energiequelle
will continue to provide the technical and commercial management
services for the project.
The acquisition, funded by a draw-down under the Company's GBP65
million revolving credit facility, brings the total capacity of the
renewable energy assets in the JLEN portfolio to 132.9 MW.
Richard Morse, Chairman of JLEN, said:
"We are pleased to announce this acquisition, which represents
JLEN's entry into the French market and is consistent with JLEN's
strategy of diversification. This marks JLEN's first collaboration
with Energiequelle, an established German developer and operator of
wind projects. We are in discussion with Energiequelle on other
acquisitions for up to 10MW comprising 8 wind turbines in France,
and we look forward to future partnering opportunities with
Energiequelle."
Ends
For further details contact:
John Laing Capital Management
Limited
David Hardy
Chris Tanner 020 7901 3559
Redleaf Communications
Charlie Geller
Harriet Lynch 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
About Energiequelle
Energiequelle GmbH was founded in 1997. The Company develops and
implements renewable energy projects up to turnkey handover, and
also offers technical and commercial operational management of wind
energy plants. Since its inception, Energiequelle have installed
over 1000 MW of wind projects, and currently employs over 140 staff
globally. Together with its French subsidiary, P&T Technologie,
they have installed a total of 75 wind turbines with a capacity of
153 MW capacity in France.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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