John Laing (JLG) faced operational performance issues in Europe in its first half, largely driven by a low level of wind activity on some legacy assets in Germany and Ireland.
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The infrastructure projects specialist also encountered issues in Australia, where it experienced transmission issues relating to ‘marginal loss factors’, which are defined as the portion of energy lost when electricity is transmitted across the transmission and distribution networks, owing to resistance. Europe and Australia counted for 18.5 per cent of John Laing’s investment portfolio as of 31 December 2018.
