JLEN Environmental Assets Group explained

JLEN Environmental Assets Group
Industry:Investment trust
Founded:March 2014
Hq Location City:London
Hq Location Country:United Kingdom
Key People:Ed Warner (Chairman)
Website: Official site

JLEN Environmental Assets Group, formerly John Laing Environmental Fund, is a large British investment trust dedicated to investments in Renewable Energy Infrastructure. The chairman is Ed Warner.[1] Established in March 2014,[2] the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[3]

History

The company was established in March 2014.[2] Foresight Group took over responsibility for managing the fund from John Laing Capital Management in June 2019.[4] In August 2024, the company launched a £20m share buyback programme.[5] Because the shares were trading at a significant discount to asset value, the company proposed holding a vote on discontinuation at its annual general meeting in September 2024.[6] The company has also proposed changing its name to Foresight Environmental Infrastructure in accordance with the branding of its investment manager.

Operations

The company invests in wind farms, and solar energy farms and also has a portfolio of anaerobic digestion projects,[7] as well as several green hydrogen projects,[8] and energy storage projects.[9]

External links

Notes and References

  1. Web site: JLEN hires HarbourVest Global's Ed Warner as new chair. 2 August 2022. You Invest. 29 September 2022.
  2. Web site: JLEN Environmental Assets Group. Trust.net. 3 June 2020.
  3. Web site: FTSE UK Index Series: Annual Review June 2020. 3 June 2020. 3 June 2020. 3 June 2020. https://web.archive.org/web/20200603233614/https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2596588. dead.
  4. News: Foresight Group acquires mandate for John Laing Environmental Assets Group. 5 June 2019. Forsight Group. 13 September 2024.
  5. Web site: JLEN Environmental Assets launches £20m buyback after partial asset sale. Investment Week. 15 August 2024. 13 September 2024.
  6. News: JLEN Environmental Assets – 'Vote against discontinuation'. 18 July 2024. Quote Data. 13 September 2024.
  7. Web site: JLEN Environmental Assets sells off £68m in assets to pay debts and launch share buyback. 15 August 2024. City AM. 13 September 2024.
  8. News: New name and lower fees for JLEN Environmental. 21 June 2024. Quoted Data. 13 September 2024.
  9. News: Osborne Clarke advises Foresight Solar Fund and JLEN Environmental Assets Group on acquisition of 50MW Clayfords energy storage project. 4 August 2022. Osborne Clarke. 13 September 2024.