27 MW Solar PV Plant in Karnataka Commences Commercial Operations

PR80614

LONDON and ZURICH, September 19, 2019, /PRNewswire=KYODO JBN/--

ThomasLloyd announced today that its investee company SolarArise India Projects

Private Limited ("SolarArise") has commissioned a 27 Megawatt ("MW") Solar PV

plant in Kerehalli village, Koppal District, State of Karnataka, India on 8

August 2019.

The new solar plant operates under Talettutayi Solar Projects Two Private

Limited, a special purpose vehicle (SPV) set up by SolarArise, and has a 25

year Power Purchase Agreement ("PPA") with the Bangalore Electricity Supply

Company Limited (BESCOM), an ICRA – "A" rated government off taker. The plant

is expected to generate approximately 47 million kilowatt-hours per year of

clean energy in Karnataka State.  

For ThomasLloyd, Nandita Sahgal Tully, Managing Director Merchant Banking,

said: "Commissioning of the site is a major milestone towards providing clean

electricity to around 42,000 people in the Karnataka region. We are proud to

have been part of this project supporting India's goals for a clean-energy

future."

For Management, Founder and Director, Mr. Anil Nayar, said: "Our experienced

teams worked closely with our contractors allowing us to commission this

project three months prior to the deadline.  As long-term project owners, our

teams continue to learn and improve through each project to deliver on-time and

quality projects."

About SolarArise India Projects Private Limited  

SolarArise is an Indian focused project developer which develops, owns and

operates grid-connected solar PV projects in India. The company was founded by

James Abraham, Anil Nayar and Tanya Singhal in 2014 backed by GEEREF, CIIF and

ThomasLloyd Group. Together they have significant experience in technology R&D,

policy advocacy, execution, regulatory liaising, financing and operations of

solar assets. For more information, visit: www.solararise.com.

About ThomasLloyd Group

ThomasLloyd is a global investment and advisory firm dedicated to leading the

necessary process for social and environmental change, focusing exclusively on

the financing, construction and operation of sustainable projects in the

infrastructure, agriculture and property sectors. The range of services

comprises products and services through the entire value chain of these

sectors. In addition to the structuring, placement and management of impact

investing solutions, they include consulting and financing of projects and

companies, as well as digital financial services, particularly in investment

brokerage, investment advisory and asset management. Founded in 2003,

ThomasLloyd is now one of the world's leading impact investors and providers of

climate financing. Headquartered in Zurich and with over 250 employees in 17

locations in North America, Europe and Asia, the company currently manages

assets of over 3.2 billion Euros for more than 60,000 private and institutional

investors.

For more information, visit: www.thomas-lloyd.com.

For further information, contact:

ThomasLloyd Group

Press/Communication

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

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

public.relations@thomas-lloyd.com  

www.thomas-lloyd.com

SOURCE: ThomasLloyd Global Asset Management GmbH