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JLEN acquires UK onshore wind farm

20 April 2017 07:49

John Laing Environmental Assets Group has acquired the Moel Moelogan 2 wind farm for a total cash consideration of £22.65m, including working capital and the repayment of a project finance loan at completion.

The wind farm is located at Moelogan Farm near Llanrwst, Conwy, North Wales and 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.

The acquisition was funded by a draw-down under the company's revolving credit facility.

JLEN also said it was in advanced discussion with the same majority vendors to acquire another smaller wind farm located at the same site.

Story provided by StockMarketWire.com

Related Company: JLEN

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