Altana Social Impact Partnership (ASIP) has acquired a “significant shareholding” in Ortus Energy.
This investment 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 company said.
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 will join the Ortus board as an executive director and Lightsource founder James Lee will join as board advisor.
Ortus founder and chief executive 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 their support in enabling the platform to develop and grow over the last three years.
“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, said: “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.”