Tillman Green LLC and Global Tower Solutions to Invest $500 Million in Joint Venture to Build Telecom Infrastructure in Emerging Markets
13.6.2016 12:00 | Business Wire
Tillman Green, LLC ("Tillman") and Global Tower Solutions ("GTS") announced the formation of Tillman GTS, a global joint venture that will redefine how power is consumed by the telecom tower industry. The new enterprise unites Tillman's experience building telecom infrastructure businesses in emerging and developed markets with GTS' experience with renewable energy.
Tillman GTS plans to invest $500m over the next three years by providing capital to the mobile telecom tower market. Its efforts will focus on diesel displacement market by leveraging its renewable energy and battery storage solutions. This will help to reduce operating expenditure, cut carbon emissions and provide guaranteed fixed price reliable energy across the world. Tillman GTS has a financing solution that allows for large programme energy as a service delivery. It is exploring opportunities in Europe, Latin America, Africa and Asia.
"We are excited to announce this partnership with GTS. Tillman Green believes that renewable energy is an important resource that can benefit businesses and individuals globally. GTS has a proven track record in identifying and executing solar solutions for telecom tower businesses and we plan to build a renewable energy platform together," said Sanjiv Ahuja, Chairman of Tillman Green.
"Governments, telecom tower owners and customers are uniting to demand a green energy alternative to diesel in off-grid or bad-grid telecom tower power. Our battery and solar solution is a reliable, cost-effective and sustainable energy solution for the industry. We believe the partnership with Tillman Green will allow us to deploy our solutions in developing and developed countries in the mobile market and other sectors that benefit from our expertise." Said Robert Suss, Managing Director of Global Tower Solutions.
About Tillman Green, LLC
Tillman Green, LLC is a privately held holding company focused on global renewable energy opportunities. Tillman's parent company, Tillman Global Holdings ("TGH") is a global leader in infrastructure development in developed and developing markets. Founded by Sanjiv Ahuja in 2013, Tillman Global Holdings serves as a holding company for leading businesses in several markets. Tillman Global Holdings, its subsidiaries and its associated entities operate in 5 continents and more than two dozen countries. www.tillmanglobal.com.
About Global Tower Solutions
Global Tower Solutions is a privately held company based in the UK that focusses on delivering off grid energy solutions to the mobile telecom tower industry and building ground mounted solar in developing countries where the need for clean energy is growing. GTS was founded by Robert Suss and Stewart Dodd as a holding company to leverage their experience in finance, renewable energy and storage.
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