ThomasLloyd Makes a Further Divestment of its Solar Portfolio in the Philippines

PR61785

LONDON, Sept. 14, 2015 /PRN=KYODO JBN/ --

    Following the sale of San Carlos Solar Energy Inc. (SaCaSol) in June 2015,

which included a 45 MW solar facility at San Carlos City, Negros Occidental,

ThomasLloyd CTI Asia Holdings Pte Ltd, a wholly owned subsidiary of ThomasLloyd

SICAV-SIF-Cleantech Infrastructure Fund, today confirmed that it had divested

all of its rights to the projects of Negros Island Solar Power Inc. in a second

transaction with Philippine Investment Alliance for Infrastructure (PINAI).

These rights include the 'in construction' 32 MW solar facility at La Carlota

and the 48 MW solar facility at Manapla also on Negros Occidental, all of which

is expected to benefit from the government Feed-in-Tariff. Both transactions

combined represent 125 MW of total installed solar capacity, which will be

equivalent to 25% of the solar FiT Tariff quota within the Philippines.

    For ThomasLloyd, Tony Coveney, Head of Project Finance said, "Realising

this transaction will allow ThomasLloyd to accelerate its investment into other

renewable energy technologies within the Philippines and once again to

collaborate with PINAI, with whom it had been a pleasure to work."

    T.U. Michael Sieg, Chairman and CEO of ThomasLloyd Group added, "We are

proud as the first enabling investor to have addressed the government call for

private investment in the sector. Our first and subsequent investments have

helped secure the FiT regime and accelerate the expansion of renewable energy

in the Philippines."

    Further terms were not disclosed.

    About ThomasLloyd

    ThomasLloyd Group is a leading global investment and advisory firm, solely

dedicated to the renewable energy sector in Asia. The company is based in

London and Zurich, as well as 12 other locations in 9 different countries in

North America, Europe and Asia. The services it provides encompass capital

raising, M&A and corporate finance for private and stock-market-listed

companies, project financing and management for project developments, and

investment consulting, wealth management and funds for private and

institutional investors. The ThomasLloyd Group has 180 employees and currently

manages assets worth more than three billion US dollars. For more information

visit: http://www.thomas-lloyd.com

    About PINAI

    The Philippine Investment Alliance for Infrastructure (PINAI) is a 10 year,

closed-end fund, dedicated to equity investments in Philippine infrastructure.

The fund had its first and final close in July 2012, raising PHP 26 billion of

commitments. The manager of the fund is Macquarie Infrastructure Management

(Asia) Pty Limited Singapore Branch (MIMAL), a member of Macquarie

Infrastructure and Real Assets (MIRA).

    For further information, please contact:

ThomasLloyd Group

Press Department

Tel +49(0)89-599-890-313

Fax +49(0)89-599-890-323

public.relations@thomas-lloyd.com

http://www.thomas-lloyd.com

    SOURCE: ThomasLloyd Group