John Laing Environmental Assets Group Limited (JLEN), a newly created investment company monitored by John Laing Capital Management Limited, has successfully fundraised £160 million to invest in a portfolio of solar, wind and waste processing projects in the UK.
JLEN’s investments include a solar project (Amber Solar), three onshore wind projects (Bilsthorpe Wind, Castle Pill & Ferndale Wind and Hall Farm Wind), two waste processing procjects (D&G Waste and ELWA Waste) and one wastewater treatment project (Tay Wastewater).
Following admission, John Laing will hold 39.7% of the voting rights attached to the issued share capital of JLEN.
Richard Morse, non-executive chairman of JLEN said: “We are pleased by the response to the JLEN capital raise, recognising our differentiated product offering. JLEN’s balanced portfolio of operating environmental infrastructure assets, our relationship with John Laing and our ability to provide a long-term, sustainable, inflation-linked dividend enabled us to attract a good mix of institutional and private investors.”