Yinson Renewables’ Major Investment In Indian Solar Power


Herbert Smith Freehills has advised Yinson Renewables on a major investment in Indian solar power.

The subsidiary of Yinson Holdings Berhad bought a 37.5% stake in Rising Sun Energy’s two 70MW solar power assets at the Bhadla Solar Park located in Rajasthan, India, one of the world’s largest solar parks.

Yinson Holdings Berhad is one of the world’s leading energy solution providers, listed on the Main Market of Bursa Malaysia.

Established in 1983 as a transport agency, it grew and diversified into oil and gas shipping and production. Currently the world’s sixth-largest independent FPSO leasing company, it announced its diversification into renewables last year.

Hilary Lau (Picture) and Glynn Cooper led the team, assisted by energy associates Christie Wu, Charles Wong, Yida Xu and Stephanie Ko in Hong Kong, Jen Ru Wong in Kuala Lumpur, Ken Nam in Seoul.

Financing advice was provided by partner Elizabeth Charlesworth and associate Gabby Herron-Cartwright in Sydney; May Poon and Jane Yee in Hong Kong, and Jessica Loy in Singapore. Partner Adelaide Luke and associate Howard Chan advised on competition aspects of the transaction.

Jen Jen Su at associate firm Prolegis provided Singapore law advice, while Cyril Amarchand Mangaldas provided Indian law advice.

Involved fees earner: Howard Chan – Herbert Smith Freehills; Elizabeth Charlesworth – Herbert Smith Freehills; Glynn Cooper – Herbert Smith Freehills; Gabby Herron-Cartwright – Herbert Smith Freehills; Stephanie Ko – Herbert Smith Freehills; Hilary Lau – Herbert Smith Freehills; Jessica Loy – Herbert Smith Freehills; Adelaide Luke – Herbert Smith Freehills; May Poon – Herbert Smith Freehills; Ken Nam – Herbert Smith Freehills; Charles Wong – Herbert Smith Freehills; Jen Ru Wong – Herbert Smith Freehills; Christie Wu – Herbert Smith Freehills; Yida Xu – Herbert Smith Freehills; Jane Yee – Herbert Smith Freehills; Jen Jen Sun – Prolegis LLC;

Law Firms: Herbert Smith Freehills; Prolegis LLC;

Clients: Yinson Holdings Berhad;

Author: Michael Patrini