RE company SolarArise sells portfolio to LSE-listed investment trust

Indian company has a portfolio of solar power projects in five states

Solar power project developer SolarArise has sold its entire portfolio of 434 megawatt (Mw) to existing investor ThomasLloyd Energy Impact Trust (TLEI), which is listed on the London Stock Exchange (LSE).

Gurgaon-based SolarArise said it is now an utility-scale solar company with assets listed as a part of a trust on the LSE. TLEI, in a separate public disclosure, said it has completed acquiring the "remaining 57 per cent economic interest" in SolarArise India Projects Private Limited to take its total ownership to 100 per cent. The consideration of $38.5 million was funded from existing cash resources, TLEI said. In