Fourth Partner Energy’s Acquisition of Indian Distributed Solar Portfolio

IndusLaw advised Statkraft on the deal.

Statkraft has exited from its Indian distributed solar business through a sale of its entire security holding in Statkraft Solar Solutions Private Limited to Fourth Partner Energy (FPE).

Statkraft Solar Solutions Private Limited owns and operates five solar power plants in the states of Karnataka, Rajasthan, West Bengal, Tamil Nadu and Pondicherry, and sells power from these projects to various commercial and industrial consumers.

The IndusLaw team was led by partner Avirup Nag (Picture), and comprising of Sabrina Afroze (principal associate), Ankit Sahoo (associate) and Srijita Jha (associate).

Involved fees earner: Sabrina Afroze – IndusLaw; Srijita Jha – IndusLaw; Avirup Nag – IndusLaw; Ankit Sahoo – IndusLaw;

Law Firms: IndusLaw;

Clients: Statkraft;

Author: Sonia Carcano