Toronto-based AMP Solar has acquired 49% equity in Rudhra Solarfarms Limited, an SPV set up by Suzlon Energy Limited to develop a solar PV project of 15 MW in Telangana..DealAMP Solar acquires 49% in Rudhra Solarfarms with an option to acquire Suzlon’s remaining stake in the project SPV in the future subject to regulatory requirements.Value14 croreDealtypeJoint VentureSector PowerLaw firmsIndusLaw – AMP SolarPartners/HeadsIndusLaw- Avirup Nag, AMP Solar- Niharika Puri; Suzlon- Anoop Khatry (In-house).AMP Solar was advised by its in-house legal counsel, Niharika Puri (Manager – Legal) and Indus Law with a team comprising of Avirup Nag (Partner), Abhishek Bhalla (Principal Associate), Niyati Bhatt, Rohan Ghosh and Nikesh Tyagi (Associates)..Suzlon was advised by its in-house legal team comprising of Anoop Khatry (general counsel) and Animesh Kabra..A leading global solar project developer, AMP Solar is in the midst of a transformative growth phase and is developing and building large pools of assets and the best-in-class country teams in the US, Japan and India respectively, with the objective of creating the leading renewable platform globally over the next 10 years..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
