A stock-market listed company which owns a wind farm in Dumfries-shire and others across the UK has paid £18.8 million in cash for a portfolio of solar-power farms.
John Laing Environment Assets (JLEN) plc has acquired the fully operational 4.2 MWp solar energy generation portfolio, which comprises 796 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland.
The portfolio benefits from the UK feed-in tariff for 25 years from the date of installation of individual systems which is linked to an annual increase in the UK Retail Price Index.
JLEN’s 15.3MW Carscreugh onshore wind farm on the Solway Firth comprises 18 Gamesa G52 wind turbines – capable of generating electricity for some 9,500 homes a year.
The company also has significant stakes in two waste water treatment plants in near Dundee and Dumfries.