John Laing Environmental Assets (JLEN) has announced that, further to the acquisition of the Moel Moelogan 2 wind farm (made of the on 20 April 2017), it has made a follow-on acquisition of the Moel Moelogan 1 wind farm (pictured) for a total cash consideration of £3.0m, including working capital and the repayment of a project finance loan at completion.
The Moel Moelogan 1 wind farm is an onshore wind farm located at the same site of the Moel Moelogan 2 wind farm near Llanrwst, Conwy, North Wales. Moel Moelogan 1 comprises 2 Bonus-1.3 turbines with a total generating capacity of 2.6MW. The project is currently accredited under the Non Fossil Fuel Obligation scheme and has been operational since 2003.
Moel Moelogan 2 comprises nine Siemens SWT-1.3-62 turbines with a total generating capacity of 11.7MW. The project is accredited for 1.0 ROC and has been operational since 2008.
John Laing Environmental Assets invests 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. John Laing Environmental Assets’ portfolio consists of interests in UK based solar, onshore wind, waste processing and wastewater projects.
John Laing Environmental Assets acquires the Moel Moelogan 1 wind farm for £3.0m : JLEN