Krishnamurthy & Co. (K Law) advised Tata Capital Limited (formerly known as Tata Cleantech Capital Limited) in financing three ground mount photovoltaic solar power projects located in the state of Karnataka for a business group in based out in Tamil Nadu. Bangalore Electricity Supply Company Limited and Chamundeshwari Electricity Supply Corporation Limited will offtake the renewable power produced from the three solar power projects.

Tata Capital Limited granted structured project financing facilities to the three project SPVs developing the three solar power projects, and the transactions were structured on co-obligor basis amongst the three project SPVs and its promoter entity.

K Law advised Tata Capital Limited as the lenders’ legal counsel for the three renewable energy project financing transactions. K Law structured the project financing transactions and drafted, negotiated, and finalised all the financing documents and security documents for the said project financing transactions, in addition to advising the lender on various legal and regulatory issues in connection with the transactions.

The three transactions were led by Zeeshan Khan (Partner) supported by Anirban Roy Choudhury (Senior Associate) and Priyanshi Jain (Associate).

Tata Capital Limited’s business team was led by Dinesh Chandra.