John Laing Environmental Assets Group has entered into an agreement with Energiequelle GmbH to acquire 100% of the Parc Éolien Le Placis Vert wind farm.

The consideration for the acquisition, which is expected to complete over the coming weeks (subject to the customary consents), is approximately EUR2.5 million. The project is located in the municipality of Saint-Gouéno in the Côtes-d'Armor region of Brittany in northwestern France, and comprises five Enercon E-53 turbines with a total generating capacity of 4MW. The project benefits from a 15-year Feed-in-Tariff regime at a fixed rate adjusted annually for inflation. The site has been fully operational since January 2016, and Energiequelle will continue to provide the technical and commercial management services for the project. The acquisition, funded by a draw-down under the Company's GBP65 million revolving credit facility, brings the total capacity of the renewable energy assets in the JLEN portfolio to 132.9 MW.