OTS - 27 MW Solar PV Plant in Karnataka commences Commercial Operations
2019. September 19. 09:33
London, Zurich, 19 September, 2019 (APA/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."
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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
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.
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