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23 Jul 2015 16:57
23 July 2015
John Laing Environmental Assets Group Limited
Response to DECC Press Release
John Laing Environmental Assets Group Limited ("JLEN") notes the announcement made by the Department of Energy and Climate Change ("DECC") regarding the consultation on the early closure of the Renewables Obligation ("RO") to new sub 5MW Solar PV projects. The consultation, if confirmed, will not have any financial impact on the existing portfolio of operational assets or JLEN's immediate pipeline.
JLEN invests in a diversified portfolio of operating environmental infrastructure assets, with 43% of its assets in onshore wind projects, 29% in waste and wastewater management projects and 28% in ground-mounted solar.
For further information please contact:
John Laing Capital Management Limited David Hardy Chris Tanner
| +44(0)20 7901 3559 |
Winterflood Investment Trusts Joe Winkley Neil Langford
| +44 (0)20 3100 0000
|
Praxis Fund Services Matthew Falla Janine Lewis
| +44(0)14 8173 7600 |
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
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