AZB & Partners has represented India’s Tata Power Renewable Energy on its 92.49 billion rupee ($1.3 billion) acquisition of Welspun Renewables Energy from its parent, New Delhi-based Welspun Energy. Cyril Amarchand Mangaldas advised the seller. 

The Welspun portfolio bought by Tata Power comprises 1,140 megawatts (MW) of renewable energy assets including 990 MW of solar power projects and 150 MW of wind power projects. Of this, 1,000 MW is operational and the rest are in advanced stages of execution.

With this purchase, Tata Power Renewable Energy would have a renewable energy portfolio of 2,300 MW, making it the largest of this kind in India.

The Cyril Amarchand Mangaldas team that advised Welspun Energy was led by Mumbai-based infrastructure and project finance partner L. Viswanathan and corporate partner Jaya Singhania.

 

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