John Laing Group plc ("John Laing") - disposal of three investments in renewable energy assets
London, 1 April 2015 - John Laing, the leading investor and manager of international infrastructure projects, today announces the disposal of three investments in renewable energy assets to John Laing Environmental Assets Group Limited (JLEN) for an aggregate cash consideration of £42.5million.
Branden solar parks - disposal of 64% stake
Branden comprises two separate solar parks in Cornwall, with a total generating capacity of 14.7MW, together accredited for 2 ROCs. The sites have been operational since March 2013.
Wear Point wind farm - disposal of 100% stake
Wear Point is located near Milford Haven in South Wales. It comprises four Senvion MM82 turbines with a total generating capacity of 8.2MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.
Carscreugh wind farm - disposal of 100% stake
Carscreugh is located near Glenluce in Dumfries and Galloway, Scotland. It comprises 18 Gamesa G52 turbines with a total generating capacity of 15.3MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.
The cash consideration of £42.5million exceeds the combined portfolio value of the investments at 31 December 2014. The aggregate returns achieved are consistent with John Laing's track record of returns from disposals of renewable energy investments.
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