London based John Laing Environmental Assets Group (JLEN) has completed the acquisition of Burton Wold Extension wind farm from John Laing Group for £21.8m.
The acquired wind farm, located near Burton Latimer in Northamptonshire, has nine 1.6MW-100 turbines with a total capacity to generate 14.4MW power.
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Under the company’s £50m revolving credit facility and reinvestment of cash draw-down, JLEN has funded for the purchase.
The farm has been operational since last year and by acquiring it, JLEN has increased its renewable energy portfolio to 123.9MW.
JLEN chairman Richard Morse said: "We are pleased to announce this acquisition, completing a busy period for the Company during 2015 in which we have successfully completed seven acquisitions, totalling £113m, and adding 69MW of capacity to our portfolio.
"This acquisition also demonstrates the continuing value of our First Offer Agreement with John Laing."
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By GlobalDataIn April, JLEN purchased three power projects including Branden solar park as well as Carscreugh and Wear Point wind farms from John Laing Group for £42.54m.
Following the transaction, JLEN acquired 64% stake in Branden solar park, which has two different solar parks situated in Cornwall, with a combined capacity of 14.7MW.
The company purchased all the shares in Wear Point wind farm and Carscreugh wind farm
The Wear Point wind farm is located in South Wales and equipped with four Senvion MM82 turbines with a capacity to generate 8.2MW of power.
Scotland’s Carscreugh wind farm has 18 turbines that can generate 15.3MW of power.
