Solar Financing on the rise: Luthra represents HDFC Bank in lending 4 Billion for this project

May 25, 2024
HDFC Bank provided Blupine Energy ₹4180 million for the project.

HDFC Bank has granted financial assistance of ₹4180 Million to a SPV of Blupine Energy for its 120 MW solar project in Sadla, Gujarat.

Luthra and Luthra Law Offices India acted for and advised HDFC Bank in this transaction.

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Managing Associate), Radha Murali (Associate) and Garima Upadhyay (Associate).

Blupine Energy is a global leading renewable energy services company established by Actis, a global investor and leader in funding and building sustainable infrastructure companies. With an investment of USD 800 million from Actis’ Energy Fund 5, BluPine Energy is dedicated to developing a state-of-the-art 4+GW renewable energy portfolio, exclusively in India.

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