UK firm buys 25.4MW West Country solar power

A UK investment company has bought two solar projects in the West Country for £20.37 million. They have a total generating capacity of 25.4MW. John Laing Environmental Assets Group (JLEN) […]

Register now!

By admin

A UK investment company has bought two solar projects in the West Country for £20.37 million.

They have a total generating capacity of 25.4MW.

John Laing Environmental Assets Group (JLEN) bought the 10.7MW Monksham Solar Farm in Frome, Somerset and the 14.7MW Branden Solar project in Bodmin, Cornwall.

In March 2015, JLEN acquired a 64% stake in Branden Solar which comprises of two separate solar parks and has now bought the remaining stakes.

The sites have been operational since June 2013.

The assets are unaffected by recent DECC announcements regarding proposed changes to the Renewables Obligation which may impact future solar development.

The company noow has a total renewable portfolio of 103.1MW.

Richard Morse, Chairman of JLEN, said: “It is pleasing to have been able to deliver these acquisitions shortly after completing a successful fundraising. Passing the 100MW mark is also a significant milestone for the Company.”