View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 11, 2018

UK’s ThomasLloyd acquires stake in India’s SolarArise

UK-based investment firm ThomasLloyd has acquired a significant stake in Indian company SolarArise India Projects for an undisclosed sum.

UK-based investment firm ThomasLloyd has acquired a significant stake in Indian company SolarArise India Projects for an undisclosed sum.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

The investment will be provided by ThomasLloyd Cleantech Infrastructure Holding, ThomasLloyd Cleantech Infrastructure Fund SICAV and ThomasLloyd SICAV-Sustainable Infrastructure Income Fund.

"SolarArise intends to use ThomasLloyd investment to further expand its solar energy capacity by nearly 250MW."

ThomasLloyd chairman and Group CEO Michael Sieg said: “Building on our track record of impact investing in Southeast Asia we believe this is an important investment in addressing the growing energy needs of India in a sustainable and environmentally responsible manner.

“We support the government’s renewable energy target outlined in their National Solar Mission of 100GW installed solar capacity by 2022.”

SolarArise intends to use ThomasLloyd investment to further expand its solar energy capacity by nearly 250MW, which will be a combination of government and state sector projects as well as selected private sector projects.

Currently, SolarArise owns and operates 130MW of grid-connected solar power projects in India.

It will be the first investment by ThomasLloyd in the Indian renewable energy segment.

With this investment, the company will become the largest shareholder in SolarArise.

ThomasLloyd noted that there is scope for solar energy capacity expansion to more than 1GW.

SolarArise founder and director Anil Nayar said: “We are excited to work with the ThomasLloyd Group . Their philosophy of quality and long-term value creation resonates with our own focus on technology, operations, and finance over the lifetime of the plant.

“We are looking forward to building together our portfolio and years of a partnership to serve India’s goals for a clean-energy future.”

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology