Dhir & Dhir Associates advised Power Finance Corporation (PFC) in granting financial assistance of ₹1709 million to a special purpose vehicle of Juniper Green Energy, in a fast track manner.
Dhir & Dhir Associates advised and assisted Power Finance Corp in closing the deal within scheduled timelines. The Firm provided end-to-end support for the transaction, including drafting, negotiating, and finalising the financing documents, conducting due diligence on SPV and the project, issuance of pre-commitment and disbursement compliance reports and completing other related activities.
The transaction team was led by Guranpreet Singh Sarna (Partner), Shikha Singh (Associate Partner) with their team Avlokita Kanwar (Senior Associate) and Aekamjyot Singh (Associate).
The funds will be used for setting up a 50 MW (70 MWp) solar PV power project in District - Bikaner, Rajasthan.
PFC is a leading Indian financial institution under the Ministry of Power, specializing in funding the power sector. As a "Maharatna" public sector enterprise, PFC provides loans for power generation, transmission, and distribution projects, including renewable energy initiatives like solar and wind. It also offers consultancy services, project appraisals, and support for infrastructure development, such as smart grids and energy-efficient systems. By raising funds through domestic and international markets, PFC plays a critical role in addressing India's growing energy needs, supporting rural electrification, renewable energy adoption, and government programs like "Power for All," while driving reforms and modernization in the power sector.
Juniper Green Energy is an independent renewable energy producer in India, focused on developing, owning, and operating renewable energy projects. The company specializes in solar and wind energy generation, with a mission to contribute to India’s transition towards sustainable and clean energy. It develops utility-scale renewable energy projects, enters into power purchase agreements (PPAs) with industrial, commercial, and government clients, and focuses on leveraging advanced technology for efficient energy production. Juniper Green Energy is committed to supporting India's renewable energy goals, such as achieving 500 GW of non-fossil fuel capacity by 2030.
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