John Laing Environmental Assets Grp Acquisition (8507K)
27 September 2016 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 8507K
John Laing Environmental Assets Grp
27 September 2016
27 September 2016
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Acquisition of Energie Eolienne de Plouguernevel wind farm
JLEN is pleased to announce that it has entered into an
agreement with Energiequelle GmbH ("Energiequelle") to acquire 100%
of the Energie Eolienne de Plouguernevel wind farm. Following the
acquisition of Parc Éolien Le Placis Vert wind farm earlier this
year, this is the second project JLEN is acquiring from
Energiequelle. The consideration for the acquisition, which is
expected to complete over the coming weeks (subject to the
customary consents), is approximately EUR2.1 million.
The project is located in the municipality of Plouguernevel 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 May 2016, and Energiequelle will
continue to provide the technical and commercial management
services for the project.
The acquisition is funded by utilising JLEN's existing cash
balance and brings the total capacity of the renewable energy
assets in the JLEN portfolio to 177.4 MW.
For further information please contact:
John Laing Capital Management
Limited
David Hardy
Chris Tanner +44 (0)20 7901 3559
Winterflood Investment
Trusts
Neil Langford
Chris Mills +44 (0)20 3100 0000
This information is provided by RNS
The company news service from the London Stock Exchange
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