UK government set to seed ThomasLloyd renewable energy trust focusing on emerging Asian economies

Trust seeks to raise up to $340m for IPO

The UK government is set to commit up to £25m of seed capital to the ThomasLloyd Energy Impact Trust (TLEI) that is seeking to raise up to $340m for its initial public offering.

The trust was a finalist in the Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme, the UK's flagship programme to mobilise large scale investment through publicly listed markets. The initiative received a £66m funding boost at COP26 on Wednesday (3 November) - the conference's Finance Day. The government has said it will invest in ThomasLloyd's trust upon its IPO, subject to final due diligence, ThomasLloyd highlighted. "The UK government recognised under the MOBILIST programme that the whole idea of the programme is to mobilise institutional c...