THOMASLLOYD ENERGY IMPACT TRUST PLC

M&A Activity • Dec 17, 2021

National Storage Mechanism | Additional information

RNS Number : 0611W

ThomasLloyd Energy Impact Trust PLC

17 December 2021

17 December 2021

ThomasLloyd Energy Impact Trust plc

Completion of acquisition

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."

Enquiries:

ThomasLloyd Group Anneliese Diedrichs	+41 (0) 79 659 6513 Anneliese.diedrichs@thomas-lloyd.com
Shore Capital Robert Finlay / Rose Ramsden (Corporate) Adam Gill / Matthew Kinkead (Sales) Henry Willcocks / Fiona Conroy (Corporate Broking)	+44 (0) 20 7408 4050
Montfort Communications - PR Adviser Gay Collins Jack Roddan	+44(0) 7798 626282 +44(0) 7825 670695 thomaslloyd@montfort.london

About ThomasLloyd Energy Impact Trust Plc

ThomasLloyd Energy Impact Trust plc is listed on the premium segment of the London Stock Exchange as of December 2021, and, following completion of the acquisition of the Solar Arise seed assets in India, will have with a market capitalisation of approximately $150m. The Company has a triple return investment objective which consists of:

·      providing Shareholders with attractive dividend growth and prospects for long-term capital appreciation (the financial return);

·      protecting natural resources and the environment (the environmental return); and

·      delivering economic and social progress, helping build resilient communities and supporting purposeful activity (the social return).

The Company seeks to achieve its investment objective by investing directly in a diversified portfolio of sustainable energy infrastructure assets in the fast-growing and emerging economies in Asia. The assets will be unlisted Sustainable Energy Infrastructure Assets in the areas of renewable energy power generation, transmission infrastructure, energy storage and sustainable fuel production, including utilising different technologies to reduce revenue variability.

The Company aims to generate additional value for its investors through focusing its investments on construction-ready or in-construction projects. The Company only invests in such pre-operational assets where: (i) an offtake agreement has been entered into; (ii) the land on which the project is situated is identified or contractually secured where appropriate; and (iii) all relevant permits have been granted. Offtake agreements will typically benefit from long-term fixed-price power purchase agreements, capacity contracts or other similar revenue contracts with creditworthy (primarily investment grade) private and public sector buyers.

Further information on the Company can be found on its website at http://www.tlenergyimpact.com/.co.uk.

About the Investment Manager

The Investment Manager is a wholly-owned subsidiary of ThomasLloyd Group ("ThomasLloyd" or the "Group"). Founded in 2003, the Group is a leading impact investor and provider of climate financing.  ThomasLloyd is a pure play impact investor and aims to apply a robust, socially and environmentally responsible investment approach that is geared towards reducing carbon emissions and improving economic prospects, while reducing investment risk through diversification across countries, sectors and technologies

Over the last decade, ThomasLloyd has deployed over US$1 billion across 16 projects in renewable energy power generation, transmission and sustainable fuel production with a total capacity in excess of 700 MW.

Since 2013, the firm 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.

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