Response to DECC Press Release

RNS Number : 9538T

John Laing Environmental Assets Grp

23 July 2015

 



23 July 2015

John Laing Environmental Assets Group Limited

Response to DECC Press Release

John Laing Environmental Assets Group Limited ("JLEN") notes the announcement made by the Department of Energy and Climate Change ("DECC") regarding the consultation on the early closure of the Renewables Obligation ("RO") to new sub 5MW Solar PV projects.  The consultation, if confirmed, will not have any financial impact on the existing portfolio of operational assets or JLEN's immediate pipeline.

JLEN invests in a diversified portfolio of operating environmental infrastructure assets, with 43% of its assets in onshore wind projects, 29% in waste and wastewater management projects and 28% in ground-mounted solar.

For further information please contact:

John Laing Capital Management Limited David Hardy Chris Tanner	[phone]
Winterflood Investment Trusts Joe Winkley Neil Langford	[phone]
Praxis Fund Services Matthew Falla Janine Lewis	[phone]

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

Further details of the Company can be found on its website www.jlen.com

 

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