ThomasLloyd acquires significant stake in SolarArise India Projects Pvt Ltd.

ThomasLloyd acquires a significant stake in the Delhi-based SolarArise India Projects Pvt Ltd. SolarArise currently owns and operates 130 MW of grid-connected solar power projects in India. ThomasLloyd’s investment is expected to support the Company’s expansion of its solar energy capacity by approximately 250 MW. These projects will be a combination of government and state sector projects as well as selected private sector projects, benefiting from long-term power purchase agreements.