ThomasLloyd CTI Asia Holdings Pte Ltd announces the sale of San Carlos Solar Energy Inc to Philippine Investment Alliance for Infrastructure (PINAI)
Zurich, 16. June 2015. ThomasLloyd today confirms 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 at San Carlos City, Negros Occidental, 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 on Negros Occidental.
ThomasLloyd was advised by BPI Capital Inc. on the transaction. Further terms were not disclosed.