ThomasLloyd aims to float government-seeded renewable energy trust in December

UK government commits £25m

clock • 5 min read
The diversified portfolio  will feature assets across areas such as renewable power generation
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The diversified portfolio will feature assets across areas such as renewable power generation

Impact manager ThomasLloyd is seeking to raise up to $340m for the initial public offering (IPO) of its newly-launched investment trust, which invests in sustainable energy infrastructure in Asia.

The UK Government has committed up to £25m of seed capital for the trust upon its IPO, subject to clearance, through its Mobilising Institutional Capital Through Listed Product Structures - or ‘MOBILIST' - programme. "It is the UK Government effectively putting new money on the table in order to accelerate and encourage the shift from investing in sustainable infrastructure in the first world to developed markets," explained Anthony Coveney, managing director, head of infrastructure asset management & CEO Americas for the company. UK government set to seed ThomasLloyd renewable energy...

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