John Laing Environmental Group Buys 3 U.K. Solar Farms

(Bloomberg) — John Laing Environmental Assets Group Ltd.,
a U.K.-based infrastructure investor, bought three solar
projects for 42.5 million pounds ($62.7 million).

The company acquired a 64 percent stake in a 14.7-megawatt
facility in Cornwall and took ownership of two projects in
Scotland and Wales with 15.3 megawatts and 8.2 megawatts in
capacity respectively, it said Wednesday by e-mail.

The group borrowed 50 million pounds from HSBC Holdings Plc
and NIBC Bank NV in October to buy solar and wind plants as well
as waste and water-processing facilities, it said then.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley

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