Dungavel Wind Farm sold for £3.82m

Dungavel Wind Farm sold for £3.82m

Infrastructure investor John Laing has sold Dungavel Wind Farm, in South Lanarkshire, to renewable energy firm, JLEN in a £38.2m deal.

The site, which comprises of 13 Vestas 2MB V89 turbines, has the ability to generate 26MB of energy and has been operational since October 2015.

The deal brings the total capacity of the renewable energy assets in the JLEN portfolio to 155 MW.

Richard Morse, chairman of JLEN, said: "We are pleased to announce the acquisition of the Dungavel Wind Farm, as we continue to grow the JLEN portfolio. UK environmental infrastructure projects are able to pay an attractive risk-adjusted yield in the current environment with good inflation linkage.

“The acquisition also demonstrates the continuing value of our First Offer Agreement with John Laing."

 

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