Luthra acts on Indian Renewable Energy Development Agency granting loan to 5 SPVs of the ACME Group

The loan amount was an aggregate of ₹12,940.39 million

Indian Renewable Energy Development Agency Limited (“Lender”) granted a loan to 5 SPVs of the ACME Group aggregating up to ₹12,940.39 million for refinancing 5 solar renewable energy power projects having an aggregate capacity of 173 MW in Andhra Pradesh.

Luthra and Luthra Law Offices India advised and acted for Indian Renewable Energy Development Agency Limited on the deal

The transaction team consisted of Ashneet Chhabra (Senior Associate) and Pranav Dwivedi (Associate), who executed the deal under guidance from Girish Rawat (Partner).

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