John Laing agrees to divest stakes in two US wind farms
The John Laing Group has announced the execution of a share purchase agreement with Abu Dhabi Future Energy Company (Masdar) to divest its interest in two wind farms in the United States.
In late December 2018, John Laing Group agreed the sales of both our 95.3% shareholding in the Rocksprings wind farm in Texas and our 92.5% shareholding in the Sterling wind farm in New Mexico to the Abu Dhabi Future Energy Company (Masdar).
Under the terms of the acquisition, Masdar will acquire John Laing’s interest in the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico.
The combined agreed consideration was in excess of US$100 million, in line with the expected portfolio valuation for the two investments at 31 December 2018, and is subject to potential adjustment. The sale is also subject to governmental and financing partner consents and is expected to complete in the first half of 2019.
Country updates
-
-
January 14, 2019
80 MW wind project in US enters commercial operation
EDF Renewables North America has announced that the 80 megawatt Copenhagen wind project is fully operational and delivering electricity. Consisting of 40 wind turbines manufactured by Vestas Wind Syst...
Read more -
January 14, 2019
Apex Clean Energy divests 202 MW wind project in US to Algonquin Power & Utilities
For an undisclosed amount, Algonquin Power & Utilities has acquired a solar farm from Apex Clean Energy. The Sugar Creek Wind One project is located in western Logan County. The project is loca...
Read more -
January 13, 2019
Texas-owned power utility signs PPA deal with Engie's Long Draw Solar project
The Texas municipality-owned utility, New Braunfels Utilities (NBU), has signed a 15-year power purchase agreement (PPA) deal for the 100 MW solar power capacity of the 255 MW Long...
Read more -
January 11, 2019
Tri-State and juwi announce 100 MW Spanish Peaks Solar Project
Tri-State Generation and Transmission Association has announced the development of a new solar project in partnership with Juwi Inc. The 100 MW Spanish Peaks Solar Project is Tri-State’s second...
Read more -
January 10, 2019
Construction financing completed at 160 MW solar PV project in Georgia
Invenergy, a privately-held developer and operator of sustainable energy solutions, has announced that it completed construction financing on December 19, 2018 for the 160 megawatt Southern Oak Solar...
Read more
