CLP India, one of the largest foreign investors in the Indian power sector, has entered into a joint venture with Suzlon Energy Limited to develop a 100 MW solar project at Veltoor, Telangana..Trilegal advised CLP, through a team comprising Partners Neeraj Menon and Delano Furtado, Counsel Amar Narula and Naresh Pareek, and Associates Astha Srivastava and Gavin Pereira..Suzlon was advised by its in-house team..CLP acquired a 49% stake in SE Solar Limited, an SPV set up by Suzlon. CLP has the option to acquire the remaining 51% stake in the future. The project is expected to be commissioned by May 2017 and will be funded 80% by debt and 20% by equity..The initial 49% stake was purchased for Rs. 73.5 crore.
CLP India, one of the largest foreign investors in the Indian power sector, has entered into a joint venture with Suzlon Energy Limited to develop a 100 MW solar project at Veltoor, Telangana..Trilegal advised CLP, through a team comprising Partners Neeraj Menon and Delano Furtado, Counsel Amar Narula and Naresh Pareek, and Associates Astha Srivastava and Gavin Pereira..Suzlon was advised by its in-house team..CLP acquired a 49% stake in SE Solar Limited, an SPV set up by Suzlon. CLP has the option to acquire the remaining 51% stake in the future. The project is expected to be commissioned by May 2017 and will be funded 80% by debt and 20% by equity..The initial 49% stake was purchased for Rs. 73.5 crore.