John Laing and Infinergy reach agreement on Welsh wind farm deal
The partnership between specialist investor and asset manager, John Laing and wind developers Infinergy has progressed to the next stage following the sale of Wind Assets, the Limited Liability Partnership for Infinergy’s Castle Pill and Ferndale Wind Farms, to John Laing.
John Laing and Infinergy entered in to partnership last year when John Laing acquired 80% in Infinergy’s 8.2MW Wear Point Wind Farm in Waterston, Pembrokeshire. Infinergy’s Managing Director, Esbjorn Wilmar said: “We are very pleased with John Laing’s involvement in our projects and with the way this partnership has come to fruition. It is mutually beneficial as it allows both companies to stay within their core business strategies”.
Mr Wilmar continued: “Infinergy develops, constructs and operates the projects, regaining the invested capital which is then made available for the development of new sites. John Laing assumes ownership of the projects, making a sound long term investment in viable renewable energy assets. Best of both worlds really as both parties get what they are looking for”.
Ross McArthur, John Laing Managing Director, Renewable Energy, said: “We are delighted to have completed the acquisition of these operational assets from Infinergy. It grows our operational portfolio and builds on our strong relationship with Infinergy”.
The Wind Assets projects have a combined installed capacity of 9.6MW. Castle Pill Wind Farm is a 3.2MW operational development near Milford Haven in Pembrokeshire. The project comprises three 900kW EWT Direct Wind machines and a 500kW Nordtank. Infinergy constructed the project in 2009, introducing the first EWT turbines in the UK. Ferndale Wind Farm was constructed by Infinergy in 2011. The 6.4MW wind farm is situated in the Rhondda Valleys and comprises eight Enercon E48 800kW machines. Both projects are operated by Infinergy.