ThomasLloyd Energy buys minority in 80-MW Philippine solar portfolio

Solar modules. Featured Image: Jackiso/Shutterstock.com

December 22 (Renewables Now) - ThomasLloyd Energy Impact Trust PLC (LON:TLEI) has completed the acquisition of a minority stake in three solar power plants in the Philippines with a combined capacity of 80 MW.

Specifically, ThomasLloyd Energy has bought a 40% economic interest in Negros Island Solar Power Inc (NISPI), which owns the three assets. The company announced the news on Friday, while today it reported that the Super Typhoon Rai had not resulted in any damage to the assets. The staff members and their families are safe as well.

“There were some temporary power transmission outages but normal operations have since resumed,” the firm said.

The transaction represents the first acquisition of the renewable energy investment trust, which was listed on the premium segment of the London Stock Exchange earlier this month. With this move, it has spent around 22% of the IPO proceeds.

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