Altana Social Impact Partnership invests in Ortus Energy
Altana Social Impact Partnership (ASIP) has completed an investment which will see them take a significant shareholding in Ortus Energy Limited (Ortus).
This will provide Ortus with the capital and corporate support to become one of the leading Commercial and Industrial (C&I) solar development companies in the UK and Europe.
The Ortus investment marks a significant milestone in ASIP's vision. Co-headed by Laurence Christie and Mohsin Jamal, the fund is focused on impactful investments in businesses that drive and promote significant, positive environmental and social outcomes.
Following the investment, Adam Oliver joined the Ortus Energy Holdings Ltd board as Chief Commercial Officer. Laurence and Mohsin have joined the board as directors.
Ortus founder and CEO Alistair Booth said: “This deal marks the next step in Ortus Energy’s fantastic journey. I would like to thank the exiting shareholders for all the support they provided in order to get this platform off the ground and start delivering projects for our clients. 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. I am incredibly excited about what the future holds for Ortus as we continue to build a world-class board and delivery team. We will continue to deliver best-in-class services to our existing clients and look forward to bringing new clients on this journey with us”.
ASIP Investment Director, Laurence Christie added: “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. The dedication and passion from Alistair and the team was a big factor in our choosing to invest and will certainly help our investors to combat climate change and energy instability”.
Mohsin Jamal, co-investment Director of ASIP, highlighted the strengths of their new partner, stating, “The partnership between ASIP and Ortus Energy illustrates the increasing relevance of place-based impact investing in driving sustainable solutions and addressing environmental challenges. We're confident that Ortus’ transformative approach will deliver viable, renewable energy solutions and unlock substantial value for our stakeholders. ASIP's commitment to investing in businesses that offer social and environmental benefits aligns perfectly with Ortus Energy's mission to foster carbon emissions reduction and promote a greener future.”
ASIP’s investment in Ortus follows on from their substantial investment in My Community Bank (MCB). MCB is an online only national credit union focusing on borrowers with limited access to mainstream lending ensuring that those who need it most have access to the resources and support required to thrive.
Laurence, Mohsin and the ASIP team are currently investigating further investment opportunities in the social impact space.
Says Laurence Christie: “Ortus and MCB are just the first steps in ASIP’s commitment to investing with purpose. We are exploring a pipeline of investment opportunities and hope to announce our next transactions over the forthcoming months.
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