UK-based investor, the John Laing Environmental Assets Group, has secured a US$80.5 million facility with global bank, HSBC, and Netherlands-based merchant bank, NIBC.
The company said the credit facility would provide it with a source of funding outside equity raisings to acquire environmental infrastructure projects to add to its existing portfolio, including wind and solar projects.
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A spokesman for the firm said it would target acquisitions in low-risk countries in the OECD, including the UK.
JLEN’s chairman, Richard Morse said the securing of the credit facility “is a useful tool to allow the fund to act swiftly to make bids for suitable assets in the active secondary environmental infrastructure market and it will support the fund's growth over the next three years.”
