John Laing Environmental Assets Acquires Moel Moelogan 2 Onshore Wind Farm in North Wales, UK for USD29 Million

Published: Apr 20 2017
Deal Summary

John Laing Environmental Assets Group Limited (JLEN), an environmental infrastructure investment fund company, has acquired Moel Moelogan 2 onshore wind farm situated at Moelogan Farm near Llanrwst, Conwy, North Wales, UK, for a purchase consideration of GBP22.65 million (USD29.04 million). The total installed capacity of the wind farm is 11.7 MW comprising nine Siemens SWT-1.3-62 turbines. The transaction implies a deal value of USD2.48 million.

The wind farm is accredited for 1.0 ROC and has been operational since 2008. The transaction was funded by a draw-down under the JLEN's revolving credit facility.

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