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John Laing achieves fin close on 175-MW Aussie solar project

Solar panels in New South Wales. Image by NSW Department of Planning and Environment (www.planning.nsw.gov.au/).

November 8 (Renewables Now) - UK infrastructure investor John Laing Group Plc (LON:JLG) today announced it has reached financial close on the 174.9-MWp Finley solar project in New South Wales, Australia.

The particular project is 100%-owned by John Laing and developed by Esco Pacific, which now has a development capacity of nearly 500 MWp in Australia. The latter will provide asset management services to the solar farm during construction and operations, the announcement says.

The parties expect to have the plant switched on late next year.

John Laing noted that a few months back it closed the financing for another solar project in New South Wales, namely the 255-MWp Sunraysia scheme, which, according to the investor, is on-track to become the largest solar farm in the country.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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