31st Jul 2015 12:04
LONDON (Alliance News) - John Laing Environmental Assets Group Ltd on Friday said it has acquired stakes in two solar projects in the UK for a total of GBP20.4 million.
It has acquired a stake in the Monksham solar project near From in Somerset, which has a generating capacity of 10.7 megawatts. It has also bought a 64% stake in the Branden solar project, which comprises two parks near Bodmin in Cornwall. It has a total generating capacity of 14.7 megawatts.
"It is pleasing to have been able to deliver these acquisitions shortly after completing a successful fundraising. They demonstrate the company's ability to acquire assets from parties other than John Laing in parallel with the continuing successful operation of our first offer agreement with John Laing," said Richard Morse, the chairman of John Laing Environmental Assets.
Shares in John Laing were up 0.2% to 105.5625 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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