John Laing Environmental 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 John Laing Environmental 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 the fund’s existing cash balance and brings the total capacity of the renewable energy assets in the portfolio to 177.4 MW.
JLEN : John Laing Environmental buys French wind farm