John Laing Group invests in its second wind farm project in France
Date
September 15, 2016
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John Laing Group has announced financial close of an investment of £11.7 million (US$15.4 million) to acquire 100% of the Sommette-Eaucourt wind farm in Picardie, northern France from WKN AG, the developer of the site and EPC contractor.
In addition to John Laing’s equity investment, the construction of the Sommette-Eaucourt wind farm will be project financed with debt from ING Bank. Construction is expected to be completed in January 2018.
Total installed capacity for the Sommette wind farm will be 21.6 MW from 9 Nordex N117/2400 turbines, each with capacity of 2.4 MW. The project benefits from a 15-year feed in tariff.
