ThomasLloyd Group – Socio Economic Impact in India
Founded in 2003, ThomasLloyd is an independent impact investment solutions provider. Headquartered in Zurich, the company has global presence and an established track record as a renewable energy investment manager in emerging and developing Asia. ThomasLloyd applies a robust, socially, and environmentally responsible investment approach geared to provide clean energy, avoid carbon emissions, create quality jobs, and have a positive impact in the communities where it invests.
As an impact investor, ThomasLloyd Group systematically measures the impact of its investments and maps its impact to the UN’s Sustainable Development Goals (SDGs). Since 2016, it has been a signatory of the Principles for Responsible Investment.
ThomasLloyd Group is committed to long term investments in India with trusted local partners that help enable a transition to low carbon energy. The ThomasLloyd Energy Impact Trust PLC (TLEI) was an early investor in the leading renewable energy developer SolarArise. SolarArise has an operational capacity of 234 MWp of solar energy in Karnataka, Maharashtra, Uttar Pradesh, and Telangana.
Over the years, our partnership with SolarArise has deepened, and in early 2023 the TLEI completed 100% ownership stake in the company. SolarArise is developing another 200 MWp of solar energy in Madhya Pradesh, bringing much needed new renewable energy supply online.
SolarArise is also active in the communities where it invests, supporting local schools, and providing much needed support to people in need of food support.
As part of SolarArise’s commitment to support local communities, the SolarArise team prepared and donated food kits to villages near its solar plants, particularly during the COVID-19 pandemic lock downs. In 2022 the SolarArise team prepared and delivered 1,000 food kits to Women’s Self-Help Groups at plants in the state of Karnataka, who in turn distributed those kits to women and families that are most in need. Each food kit contains basic ingredients and supplies (including cereals, pulses, spices, and oils) required to cook healthy and nutritious meals for a family of four for 15 days, helping to protect families against malnutrition and avoid hunger-related illnesses.