ThomasLloyd completed the acquisition of the remaining 57% stake in SolarArise for $38.5m.

ThomasLloyd, an investment company, completed the acquisition of the remaining 57% stake in SolarArise, a renewable energy platform, for $38.5m. "Completion of the acquisition of the remaining interest in SolarArise marks an important milestone for ThomasLloyd Energy Impact Trust. The investment portfolio now comprises nine operating solar plants and one construction stage solar plant with a total capacity of 514MW. We also anticipate the completion of the two Vietnamese solar projects shortly, following the announcement of their acquisition on 2 November 2022. Our strategy of investing in renewable energy projects across a balanced portfolio of construction-ready and operational assets in fast-growing economies in Asia is a key differentiator in targeting long-term double-digit financial returns and new, significant and ongoing impact," Nandita Sahgal Tully, ThomasLloyd Head of M&A and Project Finance at the Investment Manager.