London Stock Exchange welcomes the ThomasLloyd Energy Impact Trust plc (TLEI) to celebrate the listing of TLEI’s public shares on the Premium Segment of the Main Market. Today, TLEI also celebrates the awarding of the Green Economy Mark, as a recognition from the London Stock Exchange that it is a company that derives 50% or more of its revenues from green activities. The Ordinary Shares will trade under the ticker TLEI. Gross cash proceeds of $115.4m were raised and an expected market capitalisation at the issue price and once the Consideration Shares are issued of $150m.
TLEI is the first ever dedicated offering on the London Stock Exchange, providing direct access to sustainable energy infrastructure assets in fast-growing and emerging economies in Asia. This reaffirms the increasing appetite for real impact investment solutions that truly make a difference.
Asia is the world’s largest and fastest growing consumer of energy, but it is also the largest emitter of carbon dioxide; it is critical for the future of the world that we address this. The fact that the average ‘carbon cost’ of GDP in Asia is four times as high as that of the four largest economies in Europe combined, means that investment in renewable energy in Asia is vital to achieve a Net-Zero world.
Emerging markets and developing countries continue to face significant shortfalls in their private (and sovereign or public) sector financing needs to around US$2.5 trillion a year. Low and low middle-income countries need US$1.4 trillion of this. As part of the UK Government’s efforts to bridge this gap, the Foreign, Commonwealth Development Office launched MOBILIST, a programme to mobilise large scale investment through publicly listed markets which underscores the long-term commitment made by the UK to secure new sources of investment at scale, to finance global development for decades ahead. As announced at the COP26 Finance Day, TLEI was named as a finalist and subsequently the first Trust to receive funding as part of this new initiative to support the flow of capital to climate-related infrastructure projects in developing countries.
The Investment Manager is ThomasLloyd Group, a leading impact investor and provider of climate financing. Founded in 2003 and with a history of sustainability in investment management and advisory, ThomasLloyd is one of the longest-established and most experienced investors in sustainable energy infrastructure in high growth and emerging markets in Asia.
Since 2013, ThomasLloyd has been measuring and reporting on the impact of its investments, creating an empirical database showing the positive impact of their investments in sustainable energy infrastructure in high growth and emerging markets in Asia. This captures metrics including employment data, gender ratio, health and safety data, security of electricity supply data and environmental statistics and information such as CO2 offset, greenhouse gas emissions, biodiversity information and details on water usage.
ThomasLloyd is an accredited partner of the IFC (a member of the World Bank Group), an authorised partner of the European Investment Bank and an early signatory of the United Nations Principles for Responsible Investment.
“We are very pleased to be listing TLEI on the Premium Segment of the London Stock Exchange’s Main Market today. This reaffirms the increasing appetite for real impact investment solutions that truly make a difference. ThomasLloyd has a demonstrable and successful track-record in this area, having invested exclusively in sustainable energy infrastructure in high growth and emerging markets in Asia for over a decade. We have attracted several high profile investors for the Trust, including large British and European investors, as well as the UK Government via its MOBILIST initiative and have a strong base on which to build and grow the Trust.”Michael Sieg, Chief Executive Officer, at ThomasLloyd Group