ThomasLloyd Energy Impact Trust plc (the “Company”), a renewable energy investment trust providing direct access to sustainable energy infrastructure in fast growing and emerging economies in Asia, is pleased to announce the completion of the investment in Negros Island Solar Power Inc. (“NISPI”). The Company has acquired a 40% economic interest in NISPI’s three solar power projects in the Philippines, totalling 80 MW. Following the acquisition, the Company has now invested c.22% of the funds raised at IPO.
Sue Inglis, Chair of the Board, ThomasLloyd Energy Impact Trust, said,
“We are delighted to announce the completion of our first acquisition, which represents a significant initial step in our commitment to deploy the IPO proceeds in the coming months. NISPI will provide clean electricity to 127,000 people, avoid the production of 81,330 tonnes of CO2 annually and generate first year dividend income, which will support the target dividend in 2022.”