Investment group John Laing Environmental Assets (JLEA) has spent £18.8 million on a new portfolio of solar assets with a total capacity of 4.2MW.
The portfolio comprises nearly 800 residential rooftop, commercial rooftop and commercial ground-mount installations across England, Wales and Scotland, all of which are eligible for the feed-in tariff.
JLEA also revealed that the portfolio includes various special purpose vehicles owned by Venture Capital Trusts and Enterprise Investment Schemes, and managed by Downing LLP and Beringea LLP.
The acquisition was paid for by utilising the company’s £50 million revolving credit facility and comes three months after it bolstered its UK portfolio with stakes in two utility-scale solar farms.
JLEA’s purchase of a portfolio comprising hundreds of rooftop installs follows the likes of Bluefield and NextEnergy Solar Fund, who have both made the same move in the last few months.