2nd Nov 2015 09:08
LONDON (Alliance News) - John Laing Environmental Assets Group Ltd on Monday said it has acquired an unspecified large solar photovoltaic portfolio for GBP18.8 million in cash.
The renewable energy investor said the fully-operational 4.2 megawatt peak portfolio covers 796 systems of residential and commercial rooftop and commercial ground-mounted installations across England, Wales and Scotland.
The deal was funded by the company's existing GBP50.0 million revolving credit facility.
Shares in the company were down 0.5% to 106.46 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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