Greencoat Renewables completed the acquisition of Glencarbry from John Laing Group for £27m.

Greencoat Renewables, an Irish investment company, completed the acquisition of Glencarbry, an Irish wind farm, from John Laing Group, the responsible investor and active manager of infrastructure projects internationally, for £27m. "Following on from the completion of the sales of our wind farm assets in Australia and Sweden earlier this month, the sale of Glencarbry represents a further important step in our strategy to realise fully our Renewable Energy generation assets over the next two years. Importantly, recent Renewable Energy divestments, including Glencarbry, Rammeldalsberget and the Australian portfolio, have all been at values representing premia to book value, further underpinning our portfolio valuation as well as crystallising value for our shareholders," Ben Loomes, John Laing CEO.