John Laing Group plc (“John Laing”) disposal of UK wind farm for £21.8 million
John Laing Group plc, the international originator, active investor and manager of infrastructure projects, today announces the disposal of Burton Wold extension wind farm for cash consideration of £21.8 million (before costs).
Burton Wold extension wind farm is located near Burton Latimer in Northamptonshire in the UK and comprises nine General Electric 1.6MW-100 turbines with a total generating capacity of 14.4MW. The wind farm is accredited for 0.9 ROCs and has been operational since September 2014.
The cash consideration of £21.8 million exceeds John Laing’s valuation of the investment. The return achieved is consistent with John Laing's track record of returns from disposals of renewable energy investments.
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