Berlin Investors in the cleantech funds of the investment house Thomas Lloyd had to wait a long time for the annual financial statements for 2020. Now it is clear: It was a horror year. The Fifth Cleantech Infrastructure Company (CTI) alone recorded an annual deficit of more than 80 million euros.
It is by far the largest fund in the series. Private investors have endowed it with around 433 million euros. In addition to the Fifth CTI, two smaller funds in the CTI series are each reporting deficits of more than 12 million euros. According to management, the main reason for the losses is the corona pandemic.
Thomas Lloyd has been promising investors high returns since 2013. This should succeed with the construction, operation and sale of solar and biomass systems in Asia, including the Philippines. According to a performance record, around 27,000 investors put around 750 million euros into the public funds of the CTI series.
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