28th Jan 2020 15:29
(Alliance News) - JLEN Environmental Assets Group Ltd on Tuesday said it has committed EUR25 million in funding to an environmentally-friendly investment vehicle.
The financing will be used by Luxembourg-based Foresight Energy Infrastructure Partners SCSp, a fund which invests in assets which aim to decarbonise electricity networks.
JLEN said: "The majority of investments will be in construction-stage European renewable energy generation infrastructure such as wind farms and solar parks.
"The investment in FEIP will allow JLEN to further diversify its geographic and technology exposure, while also gaining an allocation to construction stage assets which is expected to enhance returns."
JLEN shares were 2.8% lower at 117.56 pence each in London on Tuesday afternoon.
By Eric Cunha; [email protected]
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