Altana Social Impact Partnership (ASIP) has acquired a stake in Ortus Energy which could boost its presence in Europe.
It has been informed that this significant shareholding will be beneficial for Ortus in terms of capital and corporate support. It further stated that Ortus' investment marks a significant milestone in ASIP's vision.
According to the company, the acquisition will help it become one of the leading commercial and industrial (C&I) solar development companies in the region.
Ortus founder and chief executive Alistair Booth was quoted in a statement, "This deal marks the next step in Ortus Energy’s fantastic journey. Bringing ASIP to the table will provide the injection of capital and expertise needed to take our company to the next level and become the leading C&I solar developer in the UK and Europe.”
He further stated that Ortus will continue to build a world-class team to deliver best-in-class services to its clients.
Meanwhile, ASIP investment director, Laurence Christie remarked, "We are delighted to complete our investment in Ortus Energy. We are excited to support the growth of the UK renewable energy industry and look forward to providing the support needed to take Ortus to new heights.”
Likewise, Mohsin Jamal, co-investment director of ASIP, commented, "The partnership between ASIP and Ortus Energy illustrates the increasing relevance of place-based impact investing in driving sustainable solutions and addressing environmental challenges.”
The duo plans to contribute to viable, renewable energy solutions to enhance carbon emissions reduction and build a greener future in the region.
