Saptashva solar SL, the Spanish solar energy producers, assign mandated treatment today ThomasLloyd Capital LLC as its exclusive international financial advisor. To finance its expansion plans in Spain and Italy in European financial markets, the company intends to take Bank loans, as well as obtaining mezzanine capital. The business plan foresees the development of 300 MW of electricity capacity in the fast-growing solar industry for the next 3 years. In a first round of funding to 150 million in mezzanine investors be raised in advance of the IPO in 2009 first. Saptashva solar SL is a wholly owned subsidiary of XL Telecom and energy, the leading Indian manufacturer of solar panels. XL is from Mumbai and India’s largest exchange, the national stock exchange (NSE), listed on the stock exchange.
ThomasLloyd Capital LLC is the investment banking subsidiary of the ThomasLloyd Group PLC. Tony Coveney, Executive Director of the ThomasLloyd Group PLC, commented: “we are very pleased that this mandate in a such exciting environment like the solar energy industry to adopt. This transaction will further expand our important position in the market for renewable energy.” Dinesh Kumar, Managing Director of Saptashva solar SL, said: “we have exciting plans for the fast-growing solar energy industry and we see a company with similar ambitious ideas and a long-term strategic partner in ThomasLloyd.” More information under: of ThomasLloyd Group plc ThomasLloyd operates as global financial services providers in the areas of investment banking, securities and investment management. Among our clients are companies, financial intermediaries, institutional investors and high net worth individuals, where we offer a variety of financial products and services worldwide. ThomasLloyd was founded in 2003 as an asset manager specializing in alternative investments in Germany and has grown through a combination of organic growth and strategic acquisitions. ThomasLloyd investment today comprises two divisions: Banking and investment management, and manages $ 1.9 billion. The company employs internationally more than 70 investment specialists offering the entire range of products and services of the group in America and Europe and selected services in the Middle East and Asia. S&P understood the implications. About Saptashva solar SL Saptashva solar S.L.
(“Saptashva”) is an energy company headquartered in Spain specialized in alternative forms of energy that 1 GW of solar parks will generate in the next ten years will be fed directly into the power grid. Saptashva solar SL was founded in March 2008, to buy companies that PPA’s in Europe, particularly in Spain and Italy, already have. The company is a wholly owned subsidiary of XL Telecom & Energy Ltd (“XL”) from Hyderabad, India, which is listed on the stock exchange in Mumbai and India’s largest exchange, the national stock exchange (NSE). XL is one of the largest exporters of solar modules for solar parks in Europe with a current order book of about 45 MW of modules. The establishment of Saptashva enables a vertical diversification and forward integration XL and XL makes it the world’s leading integrated solar energy companies.