News
- Home
- Investment Company News
- John Laing Environmental Assets buys Burton Wold Extension
John Laing Environmental Assets has announced that it has purchased the Burton Wold Extension Wind Farm from John Laing Group plc for a cash consideration, including working capital, of £21.8m. The wind farm is located near Burton Latimer in Northamptonshire and comprises nine General Electric 1.6MW-100 turbines with a total generating capacity of 14.4MW. The site, which is accredited for 0.9 ROCs has been operational since September 2014. The company says that the acquisition brings the total capacity of the renewable energy assets in its portfolio to 123.9MW. The transaction has been funded by a draw-down under the Company’s £50m revolving credit facility as well as a reinvestment of cash.
John Laing Environmental Assets buys Burton Wold Extension : JLEN