Renew Surya Roshni Private Limited has availed an external commercial borrowing of $730 million from a consortium of twelve banks comprising Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, Société Générale, Bank of America, NA, DBS Bank Ltd., ING Bank NV., MUFG Bank, Ltd., Mizuho Bank, Ltd., Taipei Fubon Commercial Bank Co., Ltd., Qatar National Bank, Crédit Agricole Corporate and Investment Bank, and CTBC Bank Co Limited.
JSA Advocates & Solicitors advised Renew Surya Roshni on this transaction.
The transaction was led by Karan Mitroo (Partner), with support from Kartikeya Dubey (Partner), Pragya Verma (Senior Associate) and Supriya Saxena (Junior Associate).
Renew Surya Roshni Private Limited is backed by ReNew Power and Mitsui as the ultimate shareholders.
The funds will be used for the refinancing of the 320 MW capacity round-the-clock project (comprising wind, solar and BESS) in the states of Rajasthan, Maharashtra and Karnataka, India.
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