TLEI to raise $340 million through an IPO to finance green energy investments in Asia


Source: powerline.net.in powerline.net.in

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ThomasLloyd Energy Impact Trust Public Limited Company (TLEI) intends to raise up to $340 million through an initial public offering (IPO) to invest in unlisted sustainable energy infrastructure assets in Asia. … The company intends to acquire seed assets worth about $59 million from affiliates of the investment manager, ThomasLloyd Group. These consist of interests in nine operational and one in-construction utility-scale solar projects totalling 514 MW. Three of the projects are located in the Philippines. An investment pipeline of more than 1,500 MW has also been identified in certain Asian countries including the Philippines, Indonesia, and Vietnam. A ThomasLloyd...