Luthra And Luthra Law Offices India Advised SBI In Financing Deal For BluPine Energy's Solar Project

Luthra And Luthra Law Offices India Advised SBI In Financing Deal For BluPine Energy's Solar Project

Luthra and Luthra Law Offices India acted for and advised State Bank of India in a financing transaction aggregating up to INR 4.36 Billion sanctioned to Solarcraft Power India 21 Private Limited (a SPV of BluPine Energy) for its 120 MW solar project at Panshina and Radhanpur District in the State of Gujarat, India.

Once operational, the plant is expected to generate approximately 298,000 MWh of energy annually, offsetting an estimated 270,000 tonnes of CO2 emissions each year and supplying power to around 270,000 households.

The transaction team from Luthra and Luthra was led by Partner Girish Rawat, Managing Associate Varun Chauhan, and Associate Radha Murali.

The due diligence aspect of the transaction was managed by Senior Associate Sakshi Mishra.

Click to know more about Luthra and Luthra Law Offices India