John Laing Group invests in its third wind farm project in France
John Laing Group plc, the international originator, active investor and manager of infrastructure projects, today announces financial close of an investment of €5.90 million to acquire 100% of the Parc Eolien des Courtibeaux wind farm located in Saint-Martin-L’Ars in the department of Vienne in France, from WKN AG, the developer of the site and EPC contractor. In addition to John Laing’s equity investment, the construction of the wind farm will be project financed with debt from ING Bank. Construction is expected to be completed in June 2018.
Total installed capacity will be 10.25 MW from 5 Senvion MM92 turbines, each with capacity of 2.05 MW. The project benefits from a 15-year feed in tariff.