John Laing – a specialist owner, operator and manager of public infrastructure assets in the UK and overseas – has reached financial close on its first onshore wind farm project, to be located in Nottinghamshire, England.
No financial details were disclosed for the deal.
John Laing purchased a 100 percent share in the project in October 2011. Plans for the project were developed by UKCOAL’s property division, Harworth Estates, and Peel Energy, John Laing said in a statement.
Work has begun on site to install five wind turbines and supporting infrastructure. The Bilsthorpe farm is expected to be operational in June 2013 and will generate enough electricity to meet the needs of over 6,000 homes, John Laing said.
Ross McArthur, head of renewable energy for John Laing, said the wind project “is a significant milestone in the development of the John Laing business in the renewable energy sector.”
John Laing currently manages 74 privately-financed infrastructure schemes for the public sector, including the Croydon Urban Regeneration Vehicle, the Greater Manchester Waste Management PFI as well as health, education, rail, and road projects.