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- L&L advised on 2.1 gigawatts of clean energy deals this year
- About 4.8GW of new projects were financed in India in 2020
L&L Partners has dominated clean energy legal advisory services in India in 2020, according to Bloomberg NEF data. The company has been involved in advising on deals worth 2.1 gigawatts this year — equal to about 20% of BNEF’s annual capacity forecast for 2021.
Some 27 projects were refinanced in India this year totaling 985 megawatts, BNEF finds. As power producers seek to leverage lower interest rates to refinance their debts, banks and other financial institutions rely on law firms such as L&L Partners and Allen & Overy to ensure all legal procedures are being followed and that there are no loose ends in the contract.
L&L Partners was involved in advising SB Energy (backed by Softbank Group Corp) in obtaining debt for its 600MW solar project in Rajasthan, in addition to Amplus Solar’s (backed by Petronas Gas Bhd) acquisition of the 100MW Pavagada plant from Acme Solar.
Law firms such as L&L Partners are expected to be involved in more deals over the next few years as investment in renewables soars.
Source: L&L Partners
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L&L Partners
