John Laing Environmental has bought Burton Wold 2 from John Laing Group plc for a total of £21.8m.
The wind farm in Northamptonshire features nine GE 1.6MW-100 turbines with a total generating capacity of 14.4MW and is accredited for 0.9 ROCs.
The purchase was finalised through a first offer agreement between John Laing and JLEN and takes JLEN’s total capacity of renewable energy assets to 123.9MW.The site has been operational since September 2014.
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 £113 million, and adding 69MW of capacity to our portfolio.
“This acquisition also demonstrates the continuing value of our First Offer Agreement with John Laing.”
EY acted as financial advisor to John Laing on the deal.
Image: John Laing
