JSA advises Bharat Light and Power Private Limited in formation of an equal Joint Venture with Statkraft Markets B.V
J. Sagar Associates advised Bharat Light and Power Private Limited in its Joint Venture arrangement with Statkraft Markets B.V.
Bharat Light and Power Private Limited is engaged in the business of developing, and operating electricity generation facilities in India using Renewable Energy technology. Statkraft Markets B.V. is part of a Norwegian state owned electricity group which is a leading company in hydropower internationally, and Europe’s largest generator of Renewable Energy and a global player in Energy market operations.
The Joint Venture entity ‘Statkraft BLP Solar Solutions Private Limited’ will provide: (a) industrial and commercial consumers with both rooftop and ground mounted solutions with world class technology and execution; and (b) a variety of financing structures, whereby consumers can convert their solar capex into an attractive per unit cost of solar energy, enabling consumers to reduce their carbon footprint and lower energy costs.
The JSA team comprised Partner, Sidharrth Shankar; and Associates, Prakriti Jaiswal & CV Srikant. Statkraft Markets B.V. was represented by Hemant Sahai & Associates. The structuring was done by KPMG.