MUFG Financial Group.
JSA Advocates & Solicitors has advised MUFG Bank, Ltd. and Crédit Agricole Corporate and Investment Bank in connection with rupee term loan facilities aggregating ₹817 crore, availed by Enren-II Energy Private Limited, a project company of Engie, for the development of a solar farm in Gujarat. The JSA team was led by Karan Mitroo (Partner), with support from Purvi Dabbiru (Partner), Aishwarya Dixit (Senior Associate), and Shantanu Awasthi (Associate).
The transaction involved financing for a 200 MW (AC) solar photovoltaic power generation facility, located at GSECL’s Khavda Solar Park, situated in village Khavda, Taluka Bhuj, District Kutch, Gujarat.
The plant is expected to generate approximately 550 GWh of clean energy annually. The financing marks a significant step in ENGIE’s green energy expansion in India and reflects growing international lender confidence in the Indian renewables sector.
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Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) is the corporate and investment banking arm of the Crédit Agricole Group, one of the largest banking groups in Europe. Headquartered in Paris, Crédit Agricole CIB offers a comprehensive range of financial services, including structured finance, capital markets, investment banking, and advisory. The bank is a global leader in sustainable finance and has consistently ranked among the top arrangers of green and social bonds.
MUFG Bank, Ltd., a core banking subsidiary of Mitsubishi UFJ Financial Group, is Japan’s largest bank and one of the world’s leading financial institutions. Headquartered in Tokyo, MUFG Bank operates an extensive global network spanning over 50 countries, offering a broad suite of financial services including corporate lending, project finance, treasury operations, and investment banking.
