IndusLaw acts on AMP Solar, Suzlon JV

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.