Environmental infrastructure fund JLEN said it had acquired Warren Power for a total of up £15.6m

Warren Power owned 100% of the equity in Warren Energy, which held the rights and operational assets that make up the anaerobic digestion plant located in Methwold, Norfolk.

The plant, which was commissioned in December 2015 and became operational in March 2016, had a thermal capacity of about 5MWth and predominantly produced biomethane to be injected to the national gas grid, the company said.

Under the agreement, JLEN would pay an initial consideration, including working capital, of £14.8m, subject to additional deferred payments up to £0.8m.

'This acquisition increases the total capacity of renewable energy assets in the JLEN investment portfolio to 286.2MW and further diversifies the company's portfolio,' JLEN said.


At 9:07am: (LON:JLEN) John Laing Environmental Assets Group share price was -0.5p at 117.5p