27 MW Solar PV Plant in Karnataka commences Commercial Operations

London, Zurich (ots) - 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

Original-Content von: ThomasLloyd Global Asset Management GmbH, übermittelt durch news aktuell