L&L Partners leads pack in India Renewables Advising: BNEF
This year, the law firm has advised on 2.1 gigawatts of clean energy deals
According to Bloomberg NEF data, clean energy legal advisory services in India have been dominated by L&L Partners in 2020. 2.1 Gigawatts worth of deals equivalent to around 20 per cent of the 2021 annual capacity forecast of BNEF have been advised by L&L Partners.
BNEF found 27-odd projects adding up to 985 megawatts refinanced in India this year. Law firms like L&L Partners and Allen &Overy are relied upon by banks and other financial institutions to make sure that all legal procedures are followed and contracts are watertight even as power producers leverage lower interest rates to refinance their debts.
Softbank Group Corp-backed SB Energy was advised by L&L Partners in acquiring debt for its Rajasthan-based 600MW solar project. Also, Petronas Gas Bhd-backed Amplus Solar was advised by L&L Partners in acquiring from Acme Solar the 100MW Pavagada plant.
As investment in renewables rises over the next few years, L&L Partners and other such law firms are expected to be involved in more such deals.