skip to content

Other

JLEN to acquire wind farm

27 September 2016 13:43

John Laing Environmental Assets Group has entered into an agreement with Energiequelle GmbH to acquire 100% of the Energie Eolienne de Plouguernevel wind farm.

Following the acquisition of Parc Eolien 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, is approximately €2.1 million. The project is located in the municipality of Plouguernevel in the Cotes-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.

At 1:43pm: (LON:JLEN) John Laing Environmental Assets Group share price was +0.25p at 103p

Story provided by StockMarketWire.com

Related Company: JLEN

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.