Last checked at 
6 Jun 2017 07:00
06 June 2017
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Acquisition of CSGH Solar Portfolio
JLEN, the listed environmental infrastructure fund, is pleased to announce the acquisition of the CSGH Solar Portfolio for a total consideration, including working capital, of £12.2 million.
The portfolio comprises four ground mounted solar parks with a total generating capacity of 33.5MW.
Higher Tregarne, located in Cornwall, has been operational since March 2014, has a generation capacity of 5 MW and is accredited for 1.6 ROCs. The other three solar parks, Crug Mawr, Golden Hill and Shoals Hook, are located in South Wales, have been operational since March 2015, have a total generation capacity of 28.5MW and are accredited for 1.4 ROCs.
JLEN has purchased the entire share capital of the holding company of the CSGH Solar Portfolio from sPower Holdings (UK) Limited.
The acquisition was funded by a draw-down under the Company's revolving credit facility and brings the total capacity of the renewable energy assets in the JLEN portfolio to 225.2 MW.
For further details contact:
John Laing Capital Management Limited 020 7901 3559
David Hardy
Chris Tanner
Winterflood Investment Trusts 020 3100 0000
Joe Winkley
Neil Langford
Redleaf Polhill 020 7382 4769
Charlie Geller
Harriet Lynch
About JLEN
JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.
Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.
Further details of the Company can be found on its website www.jlen.com