Milestones
The ThomasLloyd Group is bringing the first closed-end alternative investment fund (SICAV) for private investors to the German market
The ThomasLloyd Group is bringing the first closed-end alternative investment fund (AIF) for private investors structured as a Luxembourg company (SICAV) to the German market. This innovative fund structure meets the requirements of the AIFMD and allows the fund to be marketed throughout Europe.
ThomasLloyd is visiting projects in the Philippines with its biggest delegation to date
ThomasLloyd is visiting Asia with its biggest delegation to date, consisting of more than 100 investors, financial intermediaries, product auditors and decision-makers from across Europe. The diverse travel programme includes attendance at the prestigious ThomasLloyd Investment Symposium in Manila, visits to various projects in the Philippines, and the participation in the groundbreaking ceremony for North Negros BioPower, ThomasLloyd’s most recent biomass power plant with a capacity of 25 megawatts.
ThomasLloyd became the first European infrastructure asset manager to speak at the “Spring Meeting” of the IMF and World Bank.
From April 21 to 23, high-ranking representatives of ThomasLloyd took part in the internationally renowned Spring Meeting of the International Monetary Fund (IMF) and the World Bank in Washington D.C. As part of an extensive programme, the World Bank subsidiary International Finance Corporation (IFC) presented ThomasLloyd’s infrastructure projects as characteristic examples of IFC funding. “We are delighted to have been here today to give a detailed presentation of our projects and our experience of working with the IFC. Furthermore, we are honoured that our projects were presented in this forum as models for the implementation of IFC funding. The invitation from the IFC to the Spring Meeting of the IMF and the World Bank is a further indication of the standing enjoyed by ThomasLloyd and its sustainable infrastructure projects.”, said Tony Coveney, Managing Director and Head of Project Finance of the ThomasLloyd Group.
ThomasLloyd’s portfolio of biomass projects set to benefit from a new era of Chinese-Philippine relations following the state visit of President Duterte.
From October 18 to 21, senior representatives of ThomasLloyd participated in the historic Philippine Presidential trade and diplomatic mission to China. The diplomatic summit and ceremonial signing of important trade and cooperation agreements in Beijing took place between Xi Jinping, President of the People’s Republic of China, and Rodrigo Duterte, President of the Republic of the Philippines, in the presence of senior politicians and up to 400 businessmen. T.U. Michael Sieg, Chairman and Group CEO of the ThomasLloyd Group sees the Group’s invitation to and participation in the Beijing visit ‘as special recognition of the previous successes of ThomasLloyd Group and its Chinese and Philippine partners. The results of the summit, and the many meetings which took place around it, will form the basis for faster growth and development of Philippine infrastructure.’ To press release
ThomasLloyd and IFC sign definitive loan agreements for USD 161 million for the financing of biomass power plants in the Philippines.
ThomasLloyd CTI Asia Holdings Pte Ltd, a wholly-owned subsidiary of ThomasLloyd SICAV-SIF-Cleantech Infrastructure Fund, the International Finance Corporation (IFC), a member of the World Bank Group, with support from the Government of Canada and the Clean Technology Fund, Bronzeoak Philippines Inc and WBE (Hong Kong) International Green Energy Limited today signed definitive loan agreements for USD 161 million for the 70 MW biomass portfolio on Negros Island in the Philippines. The project portfolio includes San Carlos Biopower Inc, South Negros Biopower Inc and North Negros Biopower Inc.
AAA: TELOS awards ThomasLloyd best investment rating.
As part of its ratings update, rating agency Telos awarded the investment process of the ThomasLloyd SICAV-SIF – Cleantech Infrastructure Fund an ‘AAA’ rating and attested to its ‘highest standards of quality’. A further improvement compared with the previous year placed ThomasLloyd in the top group of companies rated by Telos. Other honours
ThomasLloyd lays the foundations for a second biomass power plant, and inaugurates a further two solar power plants.
ThomasLloyd laid the foundations for South Negros BioPower, a biomass power plant in the Philippines with output of 25 megawatts (MW). The project, located in the south of Negros Island, is the second power plant for the investment and advisory firm, specialising in the infrastructure sector in Asia. It is scheduled to begin commercial operation, generating renewable electricity for approximately 265,000 people, by the end of 2017, using crop residue from the local agricultural sector. After commissioning, South Negros BioPower will also create more than 3,000 new, permanent jobs, both at the plant itself and in local agriculture, and will reduce carbon dioxide (CO2) emissions by 85,498 tonnes per annum. To press release
ThomasLloyd makes a further divestment of its solar portfolio in the Philippines.
Following the sale of San Carlos Solar Energy Inc. (SaCaSol) in June 2015, which included a 45 MW solar facility at San Carlos City, Negros Occidental, ThomasLloyd CTI Asia Holdings Pte Ltd, a wholly owned subsidiary of ThomasLloyd SICAV-SIF-Cleantech Infrastructure Fund, confirmed on 14 September 2015 that it had divested all of its rights to the projects of Negros Island Solar Power Inc. in a second transaction with Philippine Investment Alliance for Infrastructure (PINAI). To press release
ThomasLloyd SICAV-SIF–Cleantech Infrastructure Fund – awarded excellent rating for its suitability for corporate pension funds.
‘Highly compatible’ and ‘a stable outlook in the medium term’ – these were the assessments of the Austrian Society for Environment and Technology (ÖGUT). The Fund was examined in detail on the basis of the set of criteria which ÖGUT uses to certify corporate pension funds. Other Honours
ThomasLloyd CTI Asia Holdings Pte Ltd announces the sale of San Carlos Solar Energy Inc to PINAI.
ThomasLloyd confirmed on 16 June 2015 the sale of San Carlos Solar Energy Inc (SaCaSol) to PINAI. As part of the transaction, ThomasLloyd is selling its stake in the grid-connected 22 MW first phase and substantially completed 23 MW second phase solar facility in San Carlos City, Negros Occidental, in the Philippines. ThomasLloyd will retain ownership with its local partner, Bronzeoak Philippines Inc, of the proposed 32 MW solar facility at La Carlota and the 48 MW solar facility at Manapla also in Negros Occidental.To press release
Bank of the Philippines Islands is the first financial institution to finance solar facilities on the Philippines.
The Bank of the Philippines Islands (BPI) made two loans totalling 1 billion Philippine pesos (around USD 24 million) available to San Carlos Energy Inc. (SaCaSol), a subsidiary of the ThomasLloyd Cleantech Infrastructure Fund, in July 2014. The loans, which will used to build up the Fund’s solar projects more quickly, are the first of their kind to be provided by a Philippine financial institution in this sector and therefore represent an important benchmark transaction in the Philippine capital market. The Bank provided San Carlos Solar Energy Inc. (SaCaSol) with a third loan in May 2015, representing a further PHP 500 million. This transaction brings the total financing volume to PHP 1.5 billion. To press release
Telos awards AAA- to ThomasLloyd investment process
Rating agency Telos has granted a AAA rating to the investment process of the ThomasLloyd SICAV-SIF – Cleantech Infrastructure Fund and attested to its ‘highest standards of quality’. The ‘highly disciplined investment process’ and the ‘optimisation of the risk-return profile’ were two details that were recognised. Other Honours
ThomasLloyd and IFC to collaborate on funding for renewable energies infrastructure in the Philippines.
The International Finance Corporation (IFC), a member of the World Bank Group, the largest global development institution focused exclusively on the private sector in developing countries, provided a senior debt facility of USD 330 million in February 2014 for refinancing both ThomasLloyd’s solar and biomass projects on Negros Island in the Philippines. The final authorisation for the provision of this senior debt facility was given in February 2015. To press release
EUR 100 million limit exceeded
The volume of the ThomasLloyd Cleantech Infrastructure Fund exceeded the EUR 100 million limit and the pipeline includes projects with an investment volume of over USD 1 billion.
San Carlos Solar Energy Inc. named ‘Green Company of the Year 2014’
Asia CEO Forum has honoured San Carlos Solar Energy Inc. with the Green Company of the Year award. Asia CEO Forum is the largest regular business event in the Philippines and is considered one of the most important forums in the Asia-Pacific region. It is committed to promoting cooperation between local and international organisations and businesses. Other Honours
IFC presents San Carlos Solar Energy Inc. with Sustainable Energy Finance Award
The International Finance Corporation (IFC), a member of the World Bank Group, awarded the’ Sustainable Energy Finance Award 2014′ to San Carlos Solar Energy Inc. The Philippine solar investment subsidiary of the ThomasLloyd Cleantech Infrastructure Fund began energy production at the first large-scale solar facility on the Philippines in spring 2014. Other Honours
Frost & Sullivan Best Practices Award 2014
Frost & Sullivan, a global consulting firm, presented San Carlos Solar Energy Inc., the solar holding company of the ThomasLloyd Cleantech Infrastructure Fund, with the Best Practices Award 2014 in the ‘Philippines Solar Photovoltaic System Integrator of the Year’ category. Other honours
Asian Power Awards 2014 for SaCaSol I and San Carlos Solar Energy Inc.
The Charlton Media Group awarded the SaCaSol I solar power plant the coveted silver Asian Power Award 2014 in the ‘Solar Power Project of the Year’ category. San Carlos Solar Energy Inc. was awarded bronze in the Independent Power Producer of the Year category at the same event. Other Honours
Licence for special AIF
Licence for special public AIF ThomasLloyd SICAV-SIF – Cleantech Infrastructure Fund in Luxembourg.
President officially opens ThomasLloyd solar facility in the Philippines
Philippine president, Benigno Aquino III, underlines the significance of the major solar facility financed by European investors for his country: In front of 600 invited international guests that included politicians and economists, San Carlos Solar Energy I (‘SaCaSol I’) was commissioned as the first Philippine solar power facility with a total nominal output of 22 megawatts (MW). The plant on Negros Island supplies up to 50,000 people with sustainably generated electricity.
ThomasLloyd Cleantech Infrastructure Fund awarded AA rating
Dextro Group Germany reached the following conclusion: ‘The defined target investment market is convincing with above-average opportunities for return and the advantage that investment projects are financially viable even without subsidies. The standardised investment process used meets the applicable industrial standards of institutional investors for infrastructure investments.’ Other Honours
ThomasLloyd Cleantech Congress Europa 2014
This was the fourth time ThomasLloyd had organised the Congress. The event was augmented for the first time by a trade fair held parallel to the Congress. Over 3,000 guests from the worlds of politics, business and the financial sector both in Germany and around the world followed keynote speeches and presentations by high-profile international speakers, including President Bill Clinton and former Chief Economist and Vice-President of the World Bank, Prof. Justin Yifu Lin. Cleantech Congress
Expansion of Eastern European market
Establishment of a subsidiary in the Czech Republic as a regional operating hub for the Eastern European market.
ThomasLloyd Cleantech Congress Europe 2013
Together with Arnold Schwarzenegger, Lord Stern of Brentford and His Highness Sheikh Abdul Aziz bin Ali Al Nuaimi, investors discuss renewable energy infrastructure investments at the leading European congress for Cleantech.
Four more locations in Asia
Four more locations opened in Asia, including subsidiaries in Singapore (Regional Operating Hub) and Phnom Penh as well as representative offices in Manila and San Carlos City in the Philippines.
Direct investments in Cambodia
First direct investments by ThomasLloyd Cleantech Infrastructure Fund in Cambodia.
Direct investments in the Philippines
First direct investments by ThomasLloyd Cleantech Infrastructure Fund in the Philippines.
Creation of the ThomasLloyd Cleantech Infrastructure Fund
Thomaslloyd Cleantech Infrastructure Fund GmbH invests directly in a broadly diversified portfolio of infrastructure projects in Asia in the area of sustainable energy production from renewable energies (power generation) as well as the associated efficient transmission (power transmission) and distribution of energy (power distribution).
Navitus Plasma (Toronto, Ontario, Canada)
Planning, construction and operation of waste gasification plants using plasma technology for communal waste. ThomasLloyd is responsible for raising equity and financing of the first waste gasification plant in Ontario.
Further advisory services
ThomasLloyd has been asked to provide advisory services for Alter NRG, one of the leading suppliers of renewable energy infrastructure solutions in Europe, Asia and North America, and for Navitus Plasma. The company specialises in the planning, construction and operation of waste gasification plants using plasma technology for communal waste.
Development into integrated clean technology group
Further development into highly-specialised, integrated financial group focussing exclusively on the cleantech sector. The range of services includes products and services along the entire value-added chain for the sector and comprises capital raising, M&A and corporate finance for private and public companies, project financing and management for project developers as well as investment advice, asset management and funds for private and institutional investors.
Alter NRG (Calgary, Canada)
Alter NRG develops renewable energies infrastructure concepts in Europe, Asia and North America. ThomasLloyd provides advisory services during the sale of the company. The sale includes a coal deposit in Alberta of 468 million tonnes, a 100% stake in Westinghouse Plasma Corporation and 100% stake in Clean Energy.
Finalist Platts Global Energy Awards New York 2009: Infrastructure Project of the Year
Finalist Platts Global Energy Awards New York 2009: Infrastructure Project of the Year
The “Platts Global Energy Awards” are considered to be an international seal of quality in the energy industry. The finalists in the individual categories were selected from a record number of nominations. Bronzeoak was a finalist in the “Infrastructure Project of the Year” category.
Other Honours
Entrepreneurial Developer of the Year 2009
Projects, companies and individuals who have generated significant momentum in the field of renewable energies have been honoured with the Euromoney and Ernst & Young Global Renewable Energy Awards since 2004. Bronzeoak was honoured in 2009 with the “Project Developer of the Year” award.
Other Honours
San Carlos Bioenergy (Philippines)
Regenerative combined cycle power plants for the production of up to 42 million litres of bioethanol p.a. and 8 MW of electricity from sugar cane (in San Carlos Ecozone, San Carlos City, Negros Occidental, Philippines). ThomasLloyd is responsible for project development, project financing (equity and borrowed capital) and first investor.
Encelium Technologies (New Jersey, USA)
Encelium Technologies (Teaneck, New Jersey, USA) produces intelligent and efficient light control systems. Consulting services (sell-side advisory) for existing shareholders during the sale of the company.
New Group structure
Centralisation of global activities in a Group holding company in London
Starwood Solar Sault Ste. Marie (Canada)
Consulting services for Starwood Solar Sault Ste. Marie (Canada), at 69 MW the second largest solar facility in North America and one of the largest in the world, as exclusive financial advisor in the planning, construction and operating phase as well as project organisation and financing (equity).
Deal of the Year – Sale of Schnigge Wertpapierhandelsbank
ACQ honoured the sale of Schnigge Wertpapierhandelsbank AG by ThomasLloyd to Augur Capital as the Deal of the Year. ThomasLloyd took over Schnigge Wertpapierhandelsbank AG in 2004, restructured it and sold it again in 2007 at a profit of over 600%.Other Honours
Fisker Automotive (California, USA)
Establishment and consolidation of an international hybrid electric vehicle manufacturer from Anaheim, California, USA Consulting, project financing (equity) and first investor. Consulting as exclusive financial advisor until 2009.
Takeover of Illington Fund Management Group
Began providing consulting services for project developers, companies and institutional investors by taking over the Illington Fund Management Group.
Asset management and investment banking
Consolidation of global activities and orientation towards the two business areas of asset management and investment banking as well as the three regions, Americas, EMEA and Asia/Pacific.
Focus on cleantech consulting services
Focussing of consulting services in the area of clean technology and thus establishing one of the first investment banks specialising exclusively in clean technologies.
Takeover of Schnigge
Takeover of listed Schnigge Wertpapierhandelsbank AG.
Expansion of locations in DACH region
Opening of additional locations and establishment of subsidiaries in the DACH region. Our Locations
Expansion of offering
Expansion of the range offered to include investment funds and insurance solutions.
Focus on North America and Asia
Launch of structured investment products with investment focus in North America and Asia.
Established
Established as an asset manager focussing on alternative investments with emphasis on the private equity, raw materials and hedge fund investment classes.