Almost half of John Laing’s investments in the first half the year were in onshore wind in the UK and Australia.
The infrastructure giant said it committed to spending £6m as part of its 30% share in the 100MW Hornsdale 2 wind farm in southern Australia and £24m at the 24MW Llynfi project in Wales.
Its overall six-month infrastructure investment commitment amounted to £76m.
Not included in the half-year figures is its £36.7m acquisition of a 30% stake in the 110.7MW Nordergrunde offshore wind farm in the German North Sea.
Overall, the company recorded pre-tax profit of £108m for the first six months of the year, up from £33m in the same period in 2015.
Chief executive Olivier Brousse said: “We made good progress in the first half and are maintaining our full year guidance for investment commitments and realisations. These results demonstrate that our business model is delivering consistent results, and has the ability to cope with today’s changing macro-economic environment, including the impact of Brexit.”
Image: Bilsthorpe wind farm (John Laing)
John Laing forges wind path
Almost half of infrastructure giant's investments committed to renewables
By EBS