A year after putting renewable energy investments in Europe and Australia on hold due to performance issues, U.K. infrastructure company John Laing Group said its Australian renewable portfolio has suffered additional losses.
According to Renew Economy, two solar farm investments have been plagued by connection delays, equipment problems and grid congestion issues, as of late, leading to losses of £43 million ($56 million). The impacted assets include the 175-megawatt Finley solar farm in southwest New South Wales and the 200-megawatt Sunraysia solar project.
In addition, John Laing’s renewable energy portfolio in North America, consisting of five Cypress Creek solar assets and the Live Oak wind farm, saw a fair value loss of £32 million ($42 million) in the first half of the year, according to PV Tech.
In August 2019, the firm reported three of its
