Tata Capital Limited (formerly known as Tata Cleantech Capital Limited) has granted structured project financing facilities to the Indian subsidiaries of Germany based Enerparc Group, engaged in consulting, manufacturing and installing photovoltaic systems, engineering procurement construction and project management of renewable energy projects.

Tata Capital Limited granted the structured project financing facilities to two Indian subsidiaries of Enerparc Group for the development of a 11.25MW solar power plant and a 21.75MW solar power plant respectively in the state of Tamil Nadu.

The two transactions were structured on co-obligor basis amongst the Indian subsidiaries and the Germany based parent entity. The German parent entities provided various securities, guarantees, and undertakings to ringfence the onshore borrowings of its Indian subsidiaries, in addition to the customary securities provided by each Indian borrower.

Krishnamurthy & Co. (KLaw) advised Tata Capital Limited as the lenders’ legal counsel for the two project financing transactions. KLaw structured the project financing transactions and drafted, negotiated, and finalised all the financing and security documents for the aforesaid project financing transactions, in addition to advising the lender on various legal and regulatory issues in connection with the cross-border transactions. KLaw also co-ordinated and worked closely with Taylor Wessing’s Hamburg office in relation to negotiating and closing the German law governed documents.

The transaction was led by Partner, Zeeshan Khan and assisted by Anirban Roy Choudhury (Senior Associate) and a team of associates.

Taylor Wessing (Germany, Hamburg office) advised Tata Capital Limited on the German law related aspects.