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Announced

Completed

John Laing Group to acquire Finley Solar Farm from ESCO Pacific.

Synopsis

John Laing Group, an international infrastructure investor and asset manager, has acquired a 100% interest in Finley Solar Farm, a 174.9MW solar power plant, from ESCO Pacific, a developer of utility-scale solar farms. Financial terms were not disclosed. The acquisition of the Finley Solar Farm is John Laing’s second investment in the solar sector in Australia and will form part of a larger APAC renewable energy portfolio that includes investments in the Kiata Wind Farm, the three stages of the Hornsdale Wind Farm and the Sunraysia Solar Farm. “Achieving financial close on our Finley Solar Farm is a fantastic outcome for ESCO Pacific, bringing our developed capacity to nearly 500MWp of solar in Australia and cementing our position as one of the leading developers in the market. We are delighted to be working with our equity partner on this project, John Laing, and further extending our existing relationships with Westpac and ANZ.” Steven Rademaker, ESCO Pacific's Chief Executive Officer.

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