JLEN: Bolsters portfolio with two acquisitions
FTSE 250 JLEN, the environmental infrastructure fund, has today announced two acquisitions. Firstly a 50% equity stake in Clayfords Energy Storage Limited from Intelligent Land Investment Group. Clayfords holds the development rights to construct a 50MW lithium-ion battery energy storage plant based in Buchan, Aberdeenshire, UK. The second is a minority equity investment in a controlled environment aquaculture project facility to be built in Rjukan, Norway, and will use established recirculating aquaculture system technology.
Richard Ramsay, Senior Independent Director of JLEN, said:
“We are pleased to make our first investment into land-based aquaculture, contributing to the sustainable supply of trout to meet rising consumer demand. We consider that this investment will deliver environmental benefits to the food system and offer a product to suit today’s consumer needs.”
“JLEN’s latest investment into the energy storage market is our third grid-scale battery project and the fifth asset to be added to JLEN’s portfolio of battery energy storage systems. We continue to believe that these projects play an important role in the decarbonisation agenda by providing balancing support to the local network and allowing for greater levels of renewable generation and can also augment the capacity on the grid during times of high demand which helps to support our energy security needs.”
Below is an interview with two of the investment team, Chris Tanner & Chris Holmes who talk us through an overview of the trust
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