JSA and Dentons Link Legal Act on Continuum Green Energy’s ₹1,350 Crore Chubu Electric Investment
JSA Advocates & Solicitors and Dentons Link Legal have advised on the Continuum Green Energy–Chubu Electric Power investment, one of the most significant Japan-to-India renewable energy transactions of 2026. Japanese utility Chubu Electric Power Co., Inc. has agreed to invest around JPY 23 billion in Indian wind and solar power producer Continuum Green Energy Limited. The deal is subject to customary regulatory approvals.
Introduction
Continuum Green Energy Limited has executed definitive agreements pursuant to which Chubu Electric Power Co., Inc., through its affiliate, will invest ₹1,350 crore (~$145 million) in Continuum through a combination of primary subscription and secondary acquisition of equity shares.
With this investment, Chubu joins Just Climate as a key institutional shareholder in Continuum. The proceeds from the primary investment will be used to support the company’s ongoing capacity expansion plans, strengthen its balance sheet, and fund the development of new wind, solar, hybrid, and battery energy storage system projects across India.
Continuum Green Energy Limited is an independent power producer that supplies power to more than 180 commercial and industrial consumers. The company has a renewable energy portfolio of approximately 4.7 GWp, comprising around 2.72 GWp of operational capacity, 0.90 GWp under construction, and 1.08 GWp under development.
Deal Value
The transaction involves an investment of ₹1,350 crore (~USD 145 million).
Legal Teams Involved
JSA Advocates & Solicitors — Advised Continuum Green Energy
- Rashi Saraf — Partner
- Vinit Patwari — Partner
- Martin Mathews — Senior Associate
Dentons Link Legal — Advised Chubu Electric Power Co., Inc.
- Rajesh Pal — Partner
- Prashanth Sabeshan — Partner
- Milind Jha — Partner
- Ankur Loona — Partner
- Aditya Singh — Partner
- Aditya Bharadwaj — Partner
- Nidhi Patania — Partner
- Gyanendra Mishra — Partner
- Rahul Bagga — Partner
- Mohit Porwal — Partner
- Prasanta Sahu — Partner
- Mihir Roy — Counsel
- Pooja Ramachandra — Counsel
- Himanshi Khanna — Counsel
- Rinki Singh — Senior Associate
- Khushi Yadav — Senior Associate
- Shristi Bose — Associate
- Divyanshu Vyas — Associate
Significance and Impact
Chubu stated that the investment aims to support India’s decarbonisation and help Japanese companies entering the Indian market procure renewable energy through Chubu Electric Power Miraiz’s customer network.
For Chubu Electric, this investment is part of a deliberate effort to increase its footprint in India. The company has been building its presence for several years, starting with an entry into the solar-powered mini-grid market through an investment in OMC Power in 2022, and later increased its stake in that venture to 35% in 2024.
Earlier this year, Continuum Green Energy Limited raised $67.5 million from Just Climate and one of its limited partners. Trilegal acted for Continuum Green Energy and Continuum Green Energy Holdings Limited on that fundraise, while Khaitan & Co advised Just Climate LLP. The Chubu transaction is a further signal of sustained institutional investor confidence in Continuum’s private-capital strategy.
The transaction remains subject to receipt of customary regulatory approvals, including approval from the Competition Commission of India. For a broader view of law-firm deal activity in India, see the Deal Meter.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
