John Laing acquires onshore wind project in Yorkshire
John Laing, the specialist investor and manager of infrastructure assets, has completed the purchase of Hall Farm wind farm, an operational onshore facility based in the rural community of Routh, near Beverley, East Riding of Yorlkshire, further enhancing its strategy to grow its portfolio of investments in the onshore wind sector.
John Laing is 100% shareholder in the facility after acquiring the asset and its equity from Santander and Blue Energy(who were advised by Watson, Farley & Williams and Colville Partners).
Ross McArthur, Managing Director of Renewable Energy for John Laing, said: “We are delighted to have completed the acquisition of Hall Farm wind farm from Santander and Blue energy. The facility is our fourth wind farm investment in two weeks and reinforces our position in the renewable energy market. In over 12 months, John Laing has grown its portfolio of wind and solar PV assets, both operational and under construction, to over 160MW of generating capacity, and we have an exciting pipeline for significant further expansion beyond that.”
The facility, which comprises 12 REpower MM82 turbines, has an installed capacity of 24.6MW and generates enough renewable energy to power over 15,750 homes*.
Santander and Blue energy achieved financial close on the project in 2012, handing over to REpower for operation and maintenance (O&M) in July 2013. Repower will continue to provide O&M services on the facility.
As well as contributing to national targets for renewable energy generation, Hall Farm also provides significant benefits to the local community. Hall Farm Wind Ltd, the project company for the operation of the wind farm, will provide £36,000 per year, for the lifetime of the wind farm, to a community fund to provide economic, social and environmental benefits to the local community.
*DECC “Sub-National electricity sales and numbers of customers 2005-2011” Publication URN: 12D/468, revised December 2012.