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Solar Power Projects
Lex Favios acted as Lenders Legal Counsel (“State Bank of India”), with respect to Project Finance/Term Loan raised by Technique Solaire Invest 1 India Private Limited amounting to INR 200 Million from SBI for refinancing of its 5 MW solar unit situated in Uttarakhand and MH Technique Solaire India Private Limited had availed project finance/term loan facilities amounting to INR 540 Million from SBI for construction of a 20 MW Solar Power Project in Maharashtra.
Acting as legal counsels to Bosques Solares, S.L. Israel with respect to setting up its subsidiary in India (Savitar Solear Power Systems Pvt. Ltd.), review of consortium agreements, engineering services agreement, review of bid documents for setting up 5 MW solar power project in Rajkot Rajasthan under the Jawaharlal Nehru National Solar Mission.
Advising Global Green Energy Fund (GGE) for acquiring a solar photovoltaic project in the state of Jharkhand.
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