John Laing Environmental Group Buys 3 U.K. Solar Farms

John Laing Environmental Assets Group Ltd., a U.K.-based infrastructure investor, bought three solar projects for 42.5 million pounds ($62.7 million).

The company acquired a 64 percent stake in a 14.7-megawatt facility in Cornwall and took ownership of two projects in Scotland and Wales with 15.3 megawatts and 8.2 megawatts in capacity respectively, it said Wednesday by e-mail.

The group borrowed 50 million pounds from HSBC Holdings Plc and NIBC Bank NV in October to buy solar and wind plants as well as waste and water-processing facilities, it said then.

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