JSA Advocates & Solicitors has acted as legal counsel to Crédit Agricole Corporate & Investment Bank (CIB) and Mizuho Bank, Ltd., advising on the financing of a 135 megawatt peak (MWp) commercial and industrial (C&I) solar power project being set up by a project company of AMPIN Energy Transition in Rajasthan.
The transaction marks a significant addition to India’s renewable energy capacity and highlights the continued role of international financial institutions in funding India’s clean energy transition.
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Deal Overview
| Feature | Details |
|---|---|
| Borrower | A special purpose project company of AMPIN Energy Transition, India’s rapidly growing renewable energy platform focusing on utility-scale and C&I solar installations. |
| Lenders | Crédit Agricole CIB and Mizuho Bank, both prominent international banks with a strong track record of financing renewable energy and ESG-aligned projects globally. |
| Legal Counsel | JSA Advocates & Solicitors acted for both lenders on the project finance structure, due diligence, and compliance aspects. |
| Project Type | 135 MWp Commercial & Industrial Solar Power Project |
| Location | Rajasthan, India |
| Sector | Renewable Energy – Solar |
JSA Deal Team
The JSA team was led by Karan Mitroo (Lead Partner), supported by experts from both the Project Finance and Due Diligence practices:
Project Finance Team
Surbhi Jain – Principal Associate
Pragya Verma – Senior Associate
Harshil Kakkar – Associate
Due Diligence Team
Vishnu Sudarsan – Partner
Sugandha Somani Gopal – Partner
Asmita Maan – Senior Associate
The team covered project structuring, regulatory due diligence, financing documentation, and compliance review in line with India’s renewable energy framework.
Key Transaction Highlights
The project, with an installed capacity of 135 MWp, will contribute significantly to AMPIN Energy’s C&I solar portfolio, which supports businesses in securing reliable, sustainable power supply.
Crédit Agricole and Mizuho’s participation highlights the confidence that global lenders continue to have in India’s clean energy market.
The financing package involved comprehensive legal and regulatory due diligence, complex project documentation, and adherence to India’s renewable energy and power sector norms.
Strategic Significance
The financing aligns with India’s national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Large-scale C&I solar projects are essential to help commercial and industrial customers decarbonize operations, manage rising power demand, and meet sustainability commitments.
For AMPIN Energy, the project scales its renewable energy footprint and strengthens its position as a leading player in India’s evolving C&I market. For Crédit Agricole and Mizuho, this deal adds to their growing portfolio of green finance and ESG-aligned infrastructure investments in India.
Why It Matters
India’s renewable energy ambitions rely heavily on sustained capital inflows from international banks and financial institutions. This transaction demonstrates how cross-border project financing plays a pivotal role in delivering large-scale, reliable clean energy infrastructure.
From a legal standpoint, the deal underscores:
The increasing complexity of cross-border project finance.
The importance of detailed due diligence to navigate India’s regulatory landscape for power purchase agreements, land use, and environmental clearances.
As India pushes forward with its ambitious clean energy targets, international banks like Crédit Agricole and Mizuho are stepping up their investments, backed by detailed legal due diligence and financing structures. This deal demonstrates the crucial intersection of infrastructure, ESG finance, and specialized legal counsel.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
