**Neo Group Acquires SolarArise, Expanding into Renewable Energy**
**Meta Description:** Neo Group’s Neo Infra Income Opportunities Fund acquires SolarArise, marking its entry into renewable energy with 433.5 MWp of solar assets.
**URL Slug:** neo-group-acquires-solararise-renewable-energy
**Neo Group Expands into Renewable Energy with SolarArise Acquisition**
In a significant move towards renewable energy, Neo Group’s flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has acquired SolarArise India Projects Pvt. Ltd. from ThomasLloyd Energy Impact Trust, which is listed on the London Stock Exchange. The acquisition, valued at ₹1,400 crore, marks NIIOF’s entry into the renewable energy sector, adding 433.5 MWp of operational solar assets across five Indian states: Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana.
This strategic acquisition aligns with NIIOF’s commitment to building a robust portfolio supported by stable cash flows. The fund stated that integrating SolarArise into its portfolio enhances its capacity to deliver predictable long-term returns to investors while contributing to India’s energy transition goals.
Founded in 2015 by Tanya Singhal, Anil Nayar, and James Abraham, SolarArise was previously acquired by ThomasLloyd Energy Impact Trust in January 2023. The acquisition also reflects NIIOF’s successful final close in July 2025, where it raised ₹2,300 crore, exceeding its initial target of ₹2,000 crore.
Hemant Daga, CEO and co-founder of Neo Asset Management, emphasized the importance of infrastructure in India’s economic growth, stating, “This sector is fast emerging as a preferred asset class for long-term investors. At Neo, we are committed to channeling capital into projects that power India’s growth story.”
Abishek Goel, Managing Director and Head of Infra & Real Assets at Neo Asset Management, highlighted that the solar plants will not only generate clean energy for numerous homes and industries but will also provide stable income for fund investors. He expressed confidence in the team’s ability to operate these plants effectively and drive operational improvements to enhance investor value.
As NIIOF continues to deploy capital into high-quality operating assets, this acquisition signifies a strong momentum in the renewable energy sector, reinforcing the fund’s position as a key player in India’s infrastructure landscape.
**FAQ**
**What is the significance of Neo Group’s acquisition of SolarArise?**
The acquisition signifies Neo Group’s entry into the renewable energy sector, enhancing its portfolio with operational solar assets and supporting India’s energy transition while providing stable returns to investors.
