John Laing enters Swedish onshore wind market
John Laing has achieved financial close on the Svartvallsberget Wind Farm in Sweden, its first overseas project in the onshore wind sector.
John Laing is 100% investor in the project, securing the company’s position in the sector following its acquisition of two UK wind farms in 2012.
The project comprises the design, build, finance and operation of 10 2MW turbines and generation is expected to begin in Spring 2014. The project will produce enough electricity to meet the needs of around 12,500 homes, making a contribution to securing the region’s energy supply, whilst offsetting 21,000 tonnes of CO2 emissions per annum.
Ross McArthur, Head of Renewable Energy for John Laing, said: “We are delighted to have made our first overseas acquisition in the onshore wind market as it represents a significant milestone in the development of the John Laing business in the renewable energy sector.”
Andreas Parzych, Head of Business Development for Continental Europe at John Laing, said: “This is an exciting project for John Laing as the skills and experience we have obtained so far in the renewable energy sector has allowed us to expand into Northern Europe, making Svartvallsberget Wind Farm John Laing’s first project in Sweden.”