Finance, solar

Fonroche Energie SPV in India raises Rs 1 billion for 20 MW Solar PV project

According to reports, Mahindra EPC Services will set up two solar photovoltaic power projects in Rajasthan along with a French company, Fonroche Energie S.A.S through its special purpose vehicles in India worth Rs. 100 crore ($18 million). A consortium of lenders comprising of KKR India Financial Services, Tata Capital Financial Services and Aditya Birla Finance are providing the term loan for the financing of the two projects.I

I&S Associates advised Mahindra EPC Services, A&M Law Offices advised Fonroche Energie and the SPVs while Luthra & Luthra advised the consortium of lenders.

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