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SolarArise commissions 75 MW Solar Plant in Uttar Pradesh

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Zurich, 27 January 2021. ThomasLloyd announced today that SolarArise India Projects Private Limited (“SolarArise”) has commissioned a 75 Megawatt (“MW”) Solar PV plant in Khera village, Budaun District, state of Uttar Pradesh delivering clean energy to over 100,000 people in Northern India.

In 2018, ThomasLloyd, a leader in impacting investing in emerging markets, invested in Delhi-based SolarArise alongside the Global Energy Efficiency and Renewable Energy Fund (“GEEREF”), advised by the European Investment Bank Group, and Kotak Mahindra managed Core Infrastructure India Fund (“CIIF”).

The new solar plant operates under Talettutayi Solar Projects Five Private Limited has a 25-year Power Purchase Agreement (“PPA”) with the state government Uttar Pradesh Power Corporation Limited (UPPCL). The plant is expected to generate approximately 120 million kilowatt-hours per year of clean energy in Uttar Pradesh…

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