Yorkshire Hydropower Holdings has been acquired by listed environmental infrastructure fund, John Laing Environmental Assets Group (JLEN), for £4.3 million.
The deal sees JLEN’s first investment in two new sectors, run-of-river hydro and battery storage.
This, the fund said, further diversifies its portfolio of environmental infrastructure projects which include wind, solar, anaerobic digestion, waste and wastewater.
“This acquisition increases the total capacity of renewable energy assets in the JLEN investment portfolio to 281.16MW,” the company said.
It added: “These projects have a proven operational history, benefit from strong contractual revenues and broaden the diversification within the JLEN portfolio.”