John Laing Environmental buys Welsh wind farm – John Laing Environmental Assets has announced the acquisition of Llynfi Afan Wind Farm from John Laing Group for a cash consideration, including working capital, of GBP43.0 million.
Llynfi Afan Wind Farm is located in the Afan Valley, Abergwynfi, West Glamorgan in Wales and comprises 12 Gamesa 2MW G80 turbines with a total generating capacity of 24MW and is accredited for 0.9 ROCs. The site has been operational since March 2017.
The acquisition was funded by a draw-down under the company’s GBP130 million revolving credit facility and from the company’s internal cash resources. The interest was offered to John Laing Environmental in accordance with the First Offer Agreement between the John Laing Group and John Laing Environmental. It brings the total capacity of the renewable energy assets in the John Laing Environmental portfolio to 254.2 MW.
JLEN : John Laing Environmental buys Welsh wind farm