Solar power giant Canadian Solar has acquired a 49% stake in Amun Solarfarms Limited and Avighna Solarfarms Limited, two SPVs set up by Suzlon Energy Limited in Telangana..DealCanadian Solar acquires 49% stake in two Suzlon SPVsValueUndisclosedDeal TypeM&ASectorEnergy/InfrastructureLaw FirmsIndusLaw – Canadian Solar; Cyril Amarchand Mangaldas – SuzlonPartnersIndusLaw – Avirup Nag; CAM – Ajay Sawhney.Canadian Solar was represented by IndusLaw. The team was led by Partner Avirup Nag, along with Principal Associates Abhishek Bhalla and Ray Vikram Nath, and Associates Rohan Ghosh and Niyati Bhatt..Suzlon was advised by its in-house legal team as well as Cyril Amarchand Mangaldas; the CAM team comprised Partner Ajay Sawhney and Senior Consultant Aashish Vats..Canadian Solar also has the option to acquire the Suzlon’s remaining stake in each of the SPVs in the future. The projects will be developed jointly by Canadian Solar and Suzlon and are expected to be commissioned in 2017.
Solar power giant Canadian Solar has acquired a 49% stake in Amun Solarfarms Limited and Avighna Solarfarms Limited, two SPVs set up by Suzlon Energy Limited in Telangana..DealCanadian Solar acquires 49% stake in two Suzlon SPVsValueUndisclosedDeal TypeM&ASectorEnergy/InfrastructureLaw FirmsIndusLaw – Canadian Solar; Cyril Amarchand Mangaldas – SuzlonPartnersIndusLaw – Avirup Nag; CAM – Ajay Sawhney.Canadian Solar was represented by IndusLaw. The team was led by Partner Avirup Nag, along with Principal Associates Abhishek Bhalla and Ray Vikram Nath, and Associates Rohan Ghosh and Niyati Bhatt..Suzlon was advised by its in-house legal team as well as Cyril Amarchand Mangaldas; the CAM team comprised Partner Ajay Sawhney and Senior Consultant Aashish Vats..Canadian Solar also has the option to acquire the Suzlon’s remaining stake in each of the SPVs in the future. The projects will be developed jointly by Canadian Solar and Suzlon and are expected to be commissioned in 2017.
